Mottingham Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Mottingham Lease Extensions
I am the registered owner of a one bedroom apartment in Mottingham that I am now unable to sell due to the lease requiring a lease extension. How long will it take ?
My partner has an apartment based in Mottingham which we have just put on the market. The leasehold has nearon sixety five years residual lease term on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we commence arranging a lease extension? Thank you.
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 have contacted my freeholder for a lease extension for my flat in Mottingham. Her conveyancers has been in contact with costs etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started August 1984.
I am going to purchase a flat located in Mottingham. The offer is subject to the lease extension. The vendor’s lawyers has served the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Nottingham Building Society. Moreover, which are the following lease extension steps to complete the purchase?
I am thinking about acquiring an auction property and found a studio flat in Mottingham. It has just fifty-one year lease..the current owner being mortgagees in possession dont want to mess around with seeking a lease extension..what are the drawbacks of this other than the huge fee to extend the lease and decreased chance of getting a mortgage with Clydesdale?
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 am the freeholder of a Edwardian property split into two flats. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy six years. What are my next steps?
If somebody 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 doing it?
I'm looking at acquiring an apartment in Mottingham valued at £256,000 the flat has something like sixety three years unexpired on the lease. I put in an offer subject to a lease extension... .. that was back in November, expecting I'd have moved in before now. They have just come back saying they'll knock £4k off if they don't have to deal with the lease extension. I'm unsure if I should take them up on the offer