Merton Lease Extension - Your Legal Fees Calculator
Sample questions relating to Merton Lease Extensions
I'm planning to make an offer on a house in Merton but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Norwich and Peterborough Building Society giving us the mortgage now?
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?
We hope to sell our studio flat in Merton but we may need a lease extension, or at least cover the expense of our buyers. Are you able to help me find someone to undertake the legal formalities?
I am a freeholder of a block of flats in Merton, and the lessees are in the process of being issued lease extensions. I anticipate receiving funds next week. As I am not on self assessment do I get in touch with the tax man ?
I an interested in finding out more about leasehold property buying. We intend to buy a link detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Merton 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?
I am looking to extend the lease on my ground floor flat in Merton I am looking for help to verify the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
My partner and I would like to know the cost of a lease extension valuation for a property based in Merton. Is this something you can help us with?
I'm looking at buying a flat in Merton at a price of £195,000 the flat has just under fivety eight years unexpired on the lease. My offer was subject to a lease extension... .. that was back in June, hoping I'd have completed by now. The owner has just informed the agent they'll knock £4k off if I deal with the lease extension myself. I'm unsure whether that's a good idea
We know that others in the same building had already had a lease extension, and the freeholder seemed amenable. It therefore appears worth taking risk of avoiding a formal survey and base the initial offer on on the prices by others . This would save on double valuation fees. Is this advisable?
I am currently negotiating a lease extension for my flat in Merton 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?