Marks Gate Lease Extension - Your Legal Fees Calculator
Examples of recent questions relating to Lease Extensions in Marks Gate
I agreed with the freeholder for a lease extension on our flat located in Marks Gate, 8.5k for a further 90yrs. What's your legal fee ?
I'm planning on purchasing a one bed flat (leasehold) but the landlord has been absent for nearly 15yrs. My question is would it be cheaper to try to buy the freehold or to get a lease extension and apply for RTM?
We are in a building containing five flats in Marks Gate and have been offered to buy the freehold for 7k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
I am looking to either purchase the freehold or a lease extension of my property in Marks Gate and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a get a new mortgage with Bank of Scotland to release of equity. The adviser dealing with the remortgage suggested I get two estimates : one to extend the lease and one for the freehold acquisition .The lease started in 1979 and since then the ground rent has been raised from £25.00 per annum to £200 per year.
I am concerned that my daughter might be having the wool pulled over her eyes. She submitted an offer on a garden flat in Marks Gate, where the lease is roughly 57 years but she was told by the estate agents that the vendor had extended it to 125 years. She has now been advised the homeowner was holding off for her to appoint lawyers ahead of instigating the lease extension. Seems underhand, also it will take time to sort it all out. What do you think?
My mortgage lender is requesting several hundred pounds for their solicitors for a "deed of substituted security" for the lease extension for my flat in Marks Gate... I can find no reference of this in my mortgage guide... is this a standard cost that they charge?
My wife and I have a residential flat in Marks Gate with 76 years unexpired. Last year we were quoted a deal to grant a lease extension for a further thirty years but also uplift the ground rent from nominal to a little more..plus a premium I think of approximately 16k. We have now decided to go ahead but do we now have to renegotiate?
I own a purpose-built flat located in a large block in Marks Gate. The leasehold interest in the apartment on a ninety five year lease which commenced from 30th January 1980 with a fixed ground rent of £25 per annum. I would like to obtain a lease extension. Can I talk with someone to go through my options please?
My solicitors (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 currently own a studio flat in Marks Gate and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has sixety one years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Can you offer some advice on this? Do I contact the freeholder first and will they be able to give me a cost?