Mulbarton Lease Extension - Your Legal Fees Calculator
Questions and Answers: Mulbarton Lease Extensions
I own a property in Mulbarton and it has just under sixety four years unexpired. I'd like to extend the lease period
Hello. I need a solicitors to review my lease extension ahead of it being signed just to ensure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor amendments.
I am the owner of a maisonnette and the freehold of both flats. The owners of the downstairs flat have asked for a lease extension what do I need to do?
I am a first time buyer of a leasehold flat in Mulbarton. The lease has just seventy seven years outstanding and ground rent is £95. Is it possible for the homeowner to serve the Initial Notice and then transfer this right to me as the buyer on the day of completion so that I don't have to wait 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 is achievable but will it be very time consuming to the vendor? To add to the complexity it’s the case of an missing freeholder, so I am not sure how does it work.
My brother and I are proceeding with buying a garden flat in Mulbarton. I was assured that the lease had been lengthened (seventy four years left prior to extension). The sales particulars said "sold with a long lease". It transpires as we are about to exchange of contracts we find that there has been no lease extension. The seller apparently has a quote but no finances to extend as a result the flat owner wishes to exchange and use the deposit monies to extend the lease. My question is is it not odd that my conveyancing practitioners failed to pick this up far earlier than just before exchange?
I intend to buy a one bed flat in Mulbarton for asking price of 156k, which has 70 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. 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?
I own 60% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around sixety years. I need a conveyancers at my end. Can you advise please? I live near Mulbarton and have a mortgage with National Westminster Bank.
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 doing it?
My OH and I have been in discussion with our freeholder after having a valuation on our maisonette in Mulbarton. We have a 69 year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount 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 the lease extension.
I am worried about getting a lease extension from an objectionable freeholder. Regardless of the fact that the legal procedures were followed under the 1993 Act, the freeholder still attempted to charge ground rent of £250 doubling every 25 years of the new lease. Can you assist?