Manningtree Lease Extension - Your Legal Fees Calculator
Examples of recent questions relating to Lease Extensions in Manningtree
I think our conveyancers has advised us incorrectly concerning a lease extension and I would like to find out how to complain
I am looking to extend the lease on my maisonette in Manningtree which will have 79 years left in January. What fees are applicable?
I am looking for a lawyers in Manningtree and they need to be on the Halifax approved conveyancers panel as we need a lease extension and remortgage simultaneously. Can you recommend any please ?
Hello. I need a conveyancing practitioners to have a look at my lease extension before it's formalised just to ensure there's nothing that I haven't seen - it's just a surrender and regrant with a few small changes.
I'm looking for a flat to purchase in Manningtree and I'm not really familiar with the leasehold tenure. I've found a ground floor flat I like with a 90 years lease. My research reveals that I can apply for a lease extension having owned the property for a couple of years, but:- Should I anticipate any issue with my proposed mortgage lender Yorkshire Building Society?
My mortgage provider is requesting a £600 fee for their solicitors for a "deed of substituted security" for the lease extension for my flat in Manningtree... I can find no reference of this in my mortgage literature... is this a usual fee to pay?
My conveyancers (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?
We have owned a leasehold flat for approximately fifteen years. There are 65 years left on the lease. After a year of protracted negotiations through my solicitors and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to a Tribunal and would appreciate some independent thoughts.
Coming up to two years that I have been in my maisonette in Manningtree. I have 78 years outstanding on the lease. I am now looking either to purchase a share of freehold or a lease extension. I acquired the property for 350K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my conveyancers 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?
If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?