Moseley Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Moseley Lease Extensions
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 bought a leasehold with a freeholder who has failed to respond by way of a counter-notice for a lease extension for our flat in Moseley and looking to do a vesting order. Is this something you can handle for us?
I am a FTB of a leasehold flat in Moseley. The lease has only 76 years unexpired and ground rent is £75. Is it possible for the flat owner to serve the Notice of Claim and then assign this right to me as the purchaser on the day of completion so that I can avoid waiting for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the current owner? To add to the complexity the landlord is absent, so I am not sure how does it work.
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?
I own 70% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around fivety seven years. I need a conveyancers at my end. Can you advise please? I live near Moseley and have a mortgage with The Royal Bank of Scotland.
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?
Me and my sister have been in discussion with our freeholder after having a valuation on our maisonette in Moseley. We have a 68 year lease and we wish to increase this to 99. The Freeholder has supplied us with a financial figure that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a lawyers to handle this for us. Can you please provide me what your costs would be to act on our behalf.
We currently own a one bedroom apartment in Moseley 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 seventy one years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Do you have some advice on this? Should 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 Moseley 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 three bed flat in Moseley with a lease of seventy four years left with a value of around £370000 we want to add 90 years to it, how much is that likely to cost?