Mayfair Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Mayfair Lease Extensions
I bought a flat in Mayfair with a leasehold unexpired about 72 years and need a lease extension. Please can you clarify the next stages
I have an interest in the freehold of buildings comprising of seven flats each. Two of the leasehold owners want a lease extension and I'm curious about the the process
I am about to put an offer in on a garden flat in Mayfair with a lease of seventy two years but unsure how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
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 commence the process, is this correct?
Hello I am the freeholder reversion in a 3 bedroom flat in Mayfair. The leaseholder has a 68 year lease and would like to purchase another 125 years. He is offering me £21,000 but I am unsure if this is in the right ballpark
My wife and I are aware that others in the same block previously had a lease extension, and the freeholder was amenable. Therefore is seems worth taking risk of not having formal valuation and calculate the initial offer on previous premiums paid . This would save on double valuation fees. Is this advisable?
I am currently negotiating a lease extension for my flat in Mayfair as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
I was hoping you might be able to tell me the process of how to apply for a lease extension for my studio flat in Mayfair
We have a studio flat in Mayfair with a lease of seventy nine years left with a value of around £370000 we want to add 90 years to it, how much is that likely to cost?
I have a lease of 67 years remaining on my flat in Mayfair. 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?