Midsomer Norton Lease Extension - Your Legal Fees Calculator
Questions and Answers: Midsomer Norton Lease Extensions
I’m about to offer on a one bedroom apartment to buy in the Midsomer Norton area and was wondering what the likely fees would be for a lease extension? It has 57 years left...
I am in need of a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has 67 years unexpired.
We have seen a house for sale for £215k and we are very keen on but we've just discovered that it is leasehold. There are 899 years outstanding so a lease extension is not a worry. 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 true? We wouldn't want to pay a mortgage for twenty years without owning the property. Any suggestions would be much appreciated.
Hi. I need someone to review my lease extension before it's formalised just to ensure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor changes.
I own a maisonnette together with the freehold. The owners of the downstairs flat have asked to extend the lease what do I need to do?
I bought a garden flat in Midsomer Norton. The start date for the lease was in 1991 for 99 years. Now I am wanting for a lease extension. I am in the dark about additional expenses, could you tell me please how much I should expect to spend on this?
We are selling our ground floor flat in Midsomer Norton but we may need a lease extension, or at least cover the costs of our buyers. Are you able to suggest someone to handle this?
I'm looking for a flat to buy in Midsomer Norton and I'm not really familiar with the leasehold tenure. I've found a garden flat I like with a 87 years lease. My research reveals that I can apply for a lease extension after 2 years, but:- Should I anticipate any issue with my proposed mortgage lender The Royal Bank of Scotland?
If a leaseholder owns a flat with a lease of less than 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 extending the lease?
We know that others in the same building previously had a lease extension, and the landlord seemed reasonable. It therefore appears worth taking risk of not having formal valuation and calculate the initial offer on on the premiums paid by others . This would save on double valuation charges. Would you recommend such a course of action?