Merton Park Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Merton Park Lease Extensions
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 are selling our garden flat in Merton Park but we may require a lease extension, or possibly cover the expense of our buyers. Can you help me find someone to help us?
I will soon view a two bedroom apartment, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 58 years left on the lease. It is also a repossession so I'm guessing that the bank will not be interested in extending the lease. My primary concern is would it be difficult to sell on without a lease extension?
I am a first time buyer of a leasehold flat in Merton Park. The lease has only 71 years remaining and ground rent is £25. Is it possible for the vendor to serve the Notice of Claim and then assign this right to me as the buyer on the day of completion 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 it’s the case of an absent landlord, so I am not sure how does it work.
My mortgage provider requires several hundred pounds for their solicitors to approve the lease extension deed for my flat in Merton Park... I am unable to find any mention of this in my mortgage guide... is this a usual charge?
I intend to buy a one bed flat in Merton Park for asking price of 145k, which has sixety seven years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
I own a purpose-built flat in a large development in Merton Park. The leasehold interest in the apartment on a ninety five year lease which commenced on 1 August 1972 with a set yearly rent of 20. I would like to obtain a lease extension. Is it possible for me to call someone to discuss my options please?
I'm intent on buying a flat in Merton Park at a price of £210,000 the flat has approaching seventy seven years unexpired on the lease. I put in an offer subject to a lease extension... .. that was back in June, hoping I'd be in before Christmas. The seller has just informed the agent they'll knock £5k off if I deal with the lease extension myself. I'm unsure whether that's a good idea
Me and my partner are in the throws of buying a property (a studio flat based inMerton Park with share of freehold). Throughout our search, we were always looking at apartments that had a minimum eighty five years remaining. We came across a place we fell in love with and the selling agent assured that the lease term was not an issue. Yesterday our conveyancing practitioners informed us the lease only has 62 years and therefore requires a lease extension. Do we run 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?
I have a lease of 57 years remaining on my flat in Merton Park. 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?