Mile End Lease Extension - Your Legal Fees Calculator
Sample questions relating to Mile End Lease Extensions
My name´s Callum. I’m house hunting in Mile End I'm seeing a studio flat online, with around 74 years unexpired lease, how much does it cost on average to get a lease extension by, say, 35 years?
I’m just looking for a garden flat to purchase in the Mile End area and was after more information on how much would it cost to extend a lease? It has 64 years residual lease term...
I have got a leasehold flat in the Mile End area and was enquiring if I could get a lease extension. What are your processes and fees. There are fivety seven years left
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?
I am looking to either purchase the freehold or a lease extension of my property in Mile End and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously remortgage with Nottingham Building Society to free up equity. My adviser dealing with the remortgage suggested I get two quotes : one for the lease extension and one for outright purchase .The lease commenced in 1991 and since then the ground rent has been raised from £38.00 per annum to £125 per annum.
I intend to buy a one bed flat in Mile End for asking price of 156k, which has seventy three years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
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 extending the lease?
We currently own a maisonette in Mile End and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 79 years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Do you have some advice on this? Do I contact the landlord first and will they be able to give me a cost?
I am currently negotiating a lease extension for my flat in Mile End 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?
I'm looking for some advice with regard to a lease extension on my 2 bed flat in Mile End. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Can you recommend a good conveyancers who specialises in lease extensions?