Mitcham Junction Lease Extension - Your Legal Fees Calculator
Sample questions relating to Mitcham Junction Lease Extensions
I inherited a garden flat in Mitcham Junction with a leasehold unexpired of 61 years. I am enquiring about how much it will cost me to extend my leasehold
Is it possible to talk with you about a flat in Mitcham Junction, I am thinking of 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 am looking to either purchase the freehold or a lease extension of my property in Mitcham Junction and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously remortgage with Virgin Money to release of equity. My adviser handling the remortgage suggested I get two estimates : one for the lease extension and one for the freehold purchase .The lease commenced in 1979 and since then the ground rent has been raised from £15.00 per year to £125 per year.
I will soon view a one bedroom flat, although not exactly my ideal 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 61 years balance left on the lease. It is also a repossession so I'm guessing that the lender 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 a freeholder of a block of flats in Mitcham Junction, and the tenants are in the process of being issued lease extensions. I anticipate receiving funds next week. Are there any tax implications, the property is in joint names with my wife ?
I am looking to buy a one bed flat in Mitcham Junction for asking price of 125k, which has 59 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 difficult is the process of going down the route of Leasehold Valuation Tribunal?
Just been over 2 years that I have owned my maisonette in Mitcham Junction. I have seventy six years unexpired lease on the lease. I am now wanting to purchase a share of freehold or a lease extension. I acquired the property for 320K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my lawyers about the process, he answered most of my questions but just have one left: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to the tribunal etc)?
If somebody 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 doing it?
Hello I am the freeholder reversion in a one bedroom flat in Mitcham Junction. The leaseholder has a 63 year lease and would like to purchase an additional 125 years. She is offering me £27,000 but I am unsure if this is too low an offer
I'm intent on purchasing an apartment in Mitcham Junction valued at £195,000 the flat has approaching fivety five years left on the lease. My offer was conditional upon the lease being renewed... .. that was back in September, expecting I'd have moved in by now. They have just come back saying that they are prepared to knock £4k off if they don't have to deal with the lease extension. I'm not sure whether that's a good idea