Mayfair Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Mayfair Lease Extensions
I invested in buying a flat in Mayfair with a leasehold unexpired just over fivety seven years and need to extend it. Please can you advise me of the next steps
My wife has a flat located in Mayfair which we have just put on the market. The leasehold has roughly sixety years balance left on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we get started on a lease extension? Many thanks.
I am looking for a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has seventy two years balance left.
I am a first time buyer of a leasehold flat in Mayfair. The lease has only seventy one years unexpired and ground rent is £95. Is it possible for the vendor to serve the Section 42 Notice and then transfer over the right to me as the buyer once I complete the buying process so that I can avoid waiting for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the seller? To add to the complexity the landlord is absent, so I am not sure how this will play out.
I am looking at bidding for an auction property and found a two bed flat in Mayfair. It has just fifty-one year lease..the seller as mortgagees in possession dont want the aggravation of negotiating a lease extension..what are the disadvantages of this except for the huge fee to put a new lease on it and reduced chance of getting a mortgage with Lloyds TSB Bank?
Ref a residence in Mayfair. GFF maisonette. seventy two yrs left. I have an agreed lease extension to £14k for 125yrs. Freeholder also insisted on Notice of Claim which I think should not be necessary. Advice required.
I an interested in finding out more about purchasing a leasehold residence. We intend to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Mayfair area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
My father has a share of freehold, with two other leaseholders in a building in Mayfair. House divided into three apartments. He has a lease, which has nearly sixety eight years remaining. How much would it cost for a lease extension and how many years would he need to extend by?
I'm living with my parents but have a garden flat in Mayfair let out which has a 75 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Mayfair for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Not sure sure whether to hold on or sell the flat?
Although I do not need a lease extension but I do need a vesting order on a property I want to acquire in Mayfair. The house is freehold but the garden is officially leasehold, 995 year lease from 1854. Its the garden area.