Mablethorpe Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to Mablethorpe Lease Extensions
Hi, I stumbled upon this site. I'm seeking prices on what a lease extension will cost for a maisonette located in Mablethorpe. It's up for sale at the moment but has slightly more than seventy three years left on the lease
Do you only undertake lease extensions in Mablethorpe? I own a flat in Abbey Wood with 90 years remaining, I am looking for a quote from a conveyancing practitioners.
I own a studio flat in Mablethorpe. I am looking to extend lease on the property. It is about eighty years. I would just like to know what your charges are and how long the process takes.
I am looking to either purchase the freehold or a lease extension of my property in Mablethorpe and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously remortgage with Norwich and Peterborough Building Society to free up equity. The adviser handling the remortgage suggested I get two quotes : one to extend the lease and one for the freehold acquisition .The lease commenced in 1991 and since then the ground rent has been raised from £38.00 per annum to £100 per annum.
My conveyancing practitioners (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
I'm living at mum and dad but have a three bed flat in Mablethorpe let out which has a 66 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Mablethorpe for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Should I keep or sell the flat?
Even though I may not need a lease extension but I do need a vesting order on a property I want to buy in Mablethorpe. The house is freehold but the garden is officially leasehold, 1000 year lease from 1854. Its the rear garden.
We are hoping to purchase a flat (a three bed flat inMablethorpe with share of freehold). During our search, we were always looking at apartments that had a minimum ninety years left on the lease. We identified a apartment we fell in love with and the selling agent promised us that the lease term was not an issue. Yesterday our solicitors advised us the lease only has sixety nine years and thus needs a lease extension. Should we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
My wife and I are aware that others in the same building had already had a lease extension, and the freeholder seemed reasonable. Therefore is seems worth taking risk of avoiding a formal survey and calculate the initial offer on previous prices . This would save on double valuation fees. Would you suggest this course of action?
I'm looking for some advice with regard to a lease extension on my ground floor flat in Mablethorpe. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?