Middleton St George Lease Extension - Your Legal Fees Calculator
FAQs concerning Middleton St George Lease Extensions
I am the owner of a maisonnette together with the freehold title. My upstairs neighbours have asked to extend the lease what do I need to do?
The terms for the lease on my apartment in Middleton St George are 99 years from 14 Dec 1989. Can you give me a quote to extend the lease if I give you more information please?
Is it possible to talk with you about a flat in Middleton St George, I am considering buying at auction next week. The flat has a short lease and I am curious about what it would cost to get a lease extension and for your services.
I will soon view a one bedroom apartment, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has 56 years balance left on the lease. It is also a repo so I'm assuming that the vendor will not be interested in extending the lease. My primary concern is would the short lease make it difficult to secure a mortgage?
I am looking for advice as I am interested in a property that has only a seventy six year lease and therefore requires a lease extension. Is it possible for me to talk with someone to discuss my options please?
My solicitors (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
Just been over two years that I have been in my garden flat in Middleton St George. I have seventy seven yrs remaining on the lease. I am now wanting to buy a share of freehold or extend my lease. I purchased the property for 350K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my property lawyers about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Middleton St George based property lawyers or any will do fine?
If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
I am currently negotiating a lease extension for my flat in Middleton St George 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?
We have a garden flat in Middleton St George with a lease of 56 years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?