Lyndhurst Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to Lyndhurst Lease Extensions
I am looking for a rough estimate of what a lease extension will cost for a flat I intend to buy. It has sixety four years left.
I am about to put an offer in on a three bedroom second floor purpose built maisonette in Lyndhurst with a lease of seventy one years but not sure what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
I have contacted my freeholder to extend my lease for my flat in Lyndhurst. His lawyers has been in contact with costs etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started July 1990.
I am considering whether to purchase the freehold or a lease extension of my property in Lyndhurst and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a get a new mortgage with The Mortgage Works to free up equity. The broker dealing with the remortgage suggested I get two estimates : one for the lease extension and one for outright acquisition .The lease commenced in 1972 and since then the ground rent has increased from £15.00 per annum to £100 per year.
My mortgage lender is requesting several hundred pounds for their property lawyers to agree a lease extension for my flat in Lyndhurst... I am unable to find any mention of this in my mortgage contract... is this a normal charge?
Coming up to 2 years that I have owned my studio flat in Lyndhurst. I have 73 yrs remaining on the lease. I am now wanting to purchase a share of freehold or extend my lease. I acquired the property for 342K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my property lawyers about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
My and my partner know that others in the same building previously had a lease extension, and the landlord was reasonable. It therefore appears worth taking risk of avoiding a formal valuation and base the initial offer on previous premiums paid . This would save on double valuation fees. Is this advisable?
I have seventy two years remaining on my lease of a ground floor flat in Lyndhurst, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
I was hoping you might be able to tell me the process of how to apply for a lease extension for my garden flat in Lyndhurst
We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my studio flat in Lyndhurst