I bought a flat in Marston Moretaine with a leasehold unexpired roughly 61 years and need a lease extension. Please can you clarify the next steps
This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
I would like to have my residential flat leasehold extension premium valued. The flat is in Marston Moretaine, and my lease will reach sixety one years this July. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
I am thinking about acquiring an auction property and came upon a studio flat in Marston Moretaine. It only has a 49 year lease..the current owner being mortgagees in possession dont want to mess around with applying for a lease extension..what are the drawbacks of this except for the huge fee to put a new lease on it and decreased chance of getting a mortgage with Platform Home Loans Ltd?
I am planning to get a lease extension and am wondering what step I have to do first, I have been previously told that I have to have the finances in place before I set the ball rolling, is this correct?
I own 60% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around sixety nine years. I need a property lawyers at my end. Can you advise please? I live near Marston Moretaine and have a mortgage with Barnsley Building Society.
Just been over two years that I have been in my three bed flat in Marston Moretaine. I have 75 years left on the lease. I am now wanting to buy a share of freehold or extend my lease. I purchased the property for 342K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my solicitors 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?
I own the freehold of a couple of flats. Someone has the lease on the lower flat in Marston Moretaine. I occupy in the upper flat. I was reviewing the title deeds recently when I noticed that my flat is leasehold. There is sixety four years outstanding. If I want to do a lease extension then would I just be paying for the property lawyers costs?
I own the freehold reversion of a property in Marston Moretaine where the leaseholder would like a lease extension. Her valuer has provided a figure of £8,000, but has increased this by £2,000 without too much effort. My surveyor has come back with £12,520. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to a FTT, can I handle the matter myself, just equipped with the valuations I have? If not, what costs would I be likely to incur?
I have a lease of sixety years remaining on my flat in Marston Moretaine. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?