Market Drayton Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to Market Drayton Lease Extensions
I inherited a flat in Market Drayton with a leasehold unexpired around sixety four years and need a lease extension. Please can you clarify the next steps
I have an interest in the freehold of 2 blocks of flats comprising of 8 flats each. Two of the leaseholders want a lease extension and I'm enquiring about the the process
I want to purchase a leasehold property and extend the lease. The seller has been there over 2 years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
I'm considering buying a garden flat (leasehold) but the freeholder has been missing for nearly 15yrs. My question is would it be cheaper to try to purchase the reversionary title or to extend lease and apply for right to manage?
I am about to view a one bedroom maisonette, although not exactly my perfect property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 61 years remaining on the lease. It is also a repo so I'm assuming that the lender will not be interested in extending the lease. My primary concern is would the short lease make it difficult to secure a mortgage?
I am a first time buyer of a leasehold flat in Market Drayton. The lease has only 79 years outstanding and ground rent is £95. Is it possible for the current owner to serve the Notice of Claim and then transfer this right to me as the purchaser once I complete the buying process so that I don't have to wait for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time costly to the seller? To add to the complexity the freeholder can not be found, so I am not sure how does it work.
My partner and I have a first floor flat in Market Drayton with sixety years remaining. Ten months ago we were quoted a deal to have a lease extension for another fifty years but also increase ground rent from notional to a little more..plus a premium I think of about 9k. We have now decided to proceed but do we now have to renegotiate?
My lawyers (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 have seventy nine years remaining on my lease of a ground floor flat in Market Drayton, the Landlord requires a £25k 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 ground floor flat in Market Drayton