Melling Lease Extension - Your Legal Fees Calculator
Sample questions relating to Melling Lease Extensions
We have seen a house for sale for £185,000 and we are very interested but we've just discovered that it is leasehold. There are 899 years outstanding so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for twenty years without owning the property. Any guidance would be much appreciated.
I am looking for a solicitors in Melling and they should be on the Virgin Money approved conveyancers panel as we need a lease extension and refinance simultaneously. Are you able to recommend a conveyancers ?
I bought a ground floor flat in Melling. I am looking to extend lease on the property. It is about eighty years. I would just like to know what your charges are and how long it would take for completion.
Me and my wife are proceeding with buying a ground floor flat in Melling. I was told that the lease had been extended (56 years outstanding prior to extension). The sales particulars said "sold with a long lease". It turns out as we are about to exchange of contracts we find that the lease has not been extended. The seller apparently has a quote but no finances to extend as a result the homeowner wants to exchange and use the deposit monies to extend the lease. My question is how is possible that the estate agent got it so wrong?
I am looking to buy a one bed flat in Melling for asking price of 156k, which has 73 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
I an interested in finding out more about leasehold property buying. We are going 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 Melling area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
Me and my husband have owned a leasehold flat for about twenty years. It now has 73 years left on the lease. After a year of difficult negotiations through my lawyers and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to LVT and would welcome some independent thoughts.
I'm living with my mother and father but have a ground floor flat in Melling let out which has a seventy six 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 Melling 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?
My partner and I are in the throws of buying a property (a one bedroom apartment inMelling with share of freehold). During our search, we were always looking at apartments that had at least ninety years unexpired. We found a flat we liked and the estate agent promised us that the lease term was not an issue. Yesterday our conveyancers advised us the lease only has 58 years and thus requires a lease extension. Should we walk away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
We have a maisonette in Melling with a lease of 55 years left with a value of around £290000 we want to add 90 years to it, how much is that likely to cost?