Melbourn Lease Extension - Your Legal Fees Calculator
Questions and Answers: Melbourn Lease Extensions
So this is the scenario: I inherited a ground floor flat in Melbourn that I am finding difficult to sell as a result of the lease requiring a lease extension. How long will it take ?
My name´s Sam. I’m flat hunting in Melbourn I'm deliberating offering on a maisonette online, with slightly more sixety eight years unexpired lease, how much does it cost on average to get a lease extension by, say, thirty years?
I’m about to offer on a a property to purchase in the Melbourn area and was curious what the likely fees would be for a lease extension? It has 75 years residual lease term...
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 assessed. The flat is in Melbourn, and my lease will reach 69 years this April. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?
I am a FTB of a leasehold flat in Melbourn. The lease has just sixety six years residual lease term and ground rent is £95. Is it possible for the current owner to serve the Initial Notice and then transfer this right to me as the purchaser once I complete the buying process so that I can avoid waiting 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 may be possible but will it be very time costly to the flat owner? To add to the complexity the freeholder can not be found, so I am not sure how does it work.
I am thinking about acquiring an auction property and found a studio flat in Melbourn. It only has a 48 year lease..the seller as mortgagees in possession dont want the aggravation of seeking a lease extension..what are the drawbacks of this other than the expensive fee to extend the lease and reduced chance of getting a mortgage with Nationwide Building Society?
I am planning to extend the lease on my garden flat in Melbourn I am looking for a local company to calculate the premium. I have a price from the landlord. I would like to go forward as soon as possible, but for the right premium and fee.
My partner and I are purchasing a ground floor flat in Melbourn which has share of freehold and a leasehold. The lease was starting to get low so the owner commenced extending the lease. The seller has submitted the lease extension paperwork to HMLR. An essential part of the conveyancing process is for our solicitors to do OS1 search on the lease. The concern here is that as a lease extension has been submitted we've been told by our conveyancing practitioners it may not be possible to do this "priority search" right now as the new lease title number is not known. Is it correct that we must be patient until the lease extension has actually been registered before completing.?
I am currently negotiating a lease extension for my flat in Melbourn 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?