Mundesley Lease Extension - Your Legal Fees Calculator
Questions and Answers: Mundesley Lease Extensions
My name´s Callum. I’m flat hunting in Mundesley I'm deliberating offering on a one bedroom apartment online, with circa seventy two years unexpired lease, how much will it likely cost to get a lease extension by, say, fifty years?
We have seen a house for sale for £195k and we are very interested but we've just found out that it is leasehold. There are 928 years residual lease term so a lease extension is not an issue. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for twenty years without owning the property. Any feedback would be much appreciated.
My neighbours and I are in a building comprising four flats in Mundesley and have been offered to buy the freehold for £5000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
I will soon view a two bedroom apartment, although not exactly my perfect property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has seventy five years balance left on the lease. It is also a repossession so I'm guessing that the vendor will not be interested in extending the lease. My primary concern is would the short lease make it difficult to secure a mortgage?
Coming up to two years that I have been in my garden flat in Mundesley. I have 61 years left on the lease. I am now looking either to buy a share of freehold or a lease extension. I purchased the property for 320K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my solicitors about the process, he answered most of my questions but just have one left: In terms of surveyors - how do I go about finding one?
I'm looking at buying an apartment in Mundesley valued at £195,000 the flat has just under sixety years remaining on the lease. My offer was conditional upon a lease extension... .. that was back in November, hoping I'd have moved in by now. The owner has just informed the agent they are willing to reduce the price by£8k if I deal with the lease extension myself. I'm unsure whether that's a good idea
My daughter is worried about seeking a lease extension from an objectionable freeholder. Even though the legal procedures were adhered to under the 1993 Act, the landlord still tried to charge ground rent of £300 doubling every twenty years of the new lease. Can you assist?
My brother knows that others in the same building previously had a lease extension, and the landlord was reasonable. Therefore is seems worth taking risk of avoiding a formal valuation and base the initial offer on on the prices by others . This would save on double valuation fees. Would you suggest such a course of action?
We currently own a studio flat in Mundesley 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 four 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. Can you offer some advice on this? Do I contact the landlord first and will they be able to give me a cost?
We have a garden flat in Mundesley with a lease of 62 years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?