Midhurst Lease Extensions Example Support Desk Enquiries

  • 40k agreed with the freeholder, just attempting to find a Midhurst for a lease extension. Our lease has nearon fivety six yearsoutstanding. What's your legal fee ?
  • I am looking for a lease extension on the lease on my garden flat in Midhurst which will have 76 years remaining in January. What fees are applicable?
  • 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 in a building of four flats in Midhurst and have been offered to buy the freehold for £5000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I am looking to either purchase the freehold or a lease extension of my property in Midhurst and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously refinance with Birmingham Midshires to free up equity. My broker dealing with the remortgage suggested I get two estimates : one for the lease extension and one for outright purchase .The lease commenced in 1972 and since then the ground rent has increased from £25.00 per annum to £300 per year.
  • I am looking at buying an auction property and came upon a one bed flat in Midhurst. It only has a 50 year lease..the vendor being mortgagees in possession will not want to mess around with seeking a lease extension..what are the disadvantages of this except for the costly fee to extend the lease and reduced chance of getting a mortgage with Platform Home Loans Ltd?
  • I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • My (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?
  • I am the freeholder of a Georgian property split into two flats. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 73 years. What are my next steps?
  • I'm living at parents but have a garden flat in Midhurst let out which has a seventy seven 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 Midhurst 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 21k. Not sure sure whether to hold on or sell the flat?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Midhurst