Nether Edge Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Nether Edge Lease Extensions
My name´s Callum. I’m property hunting in Nether Edge I'm seeing a garden flat online, with around sixety six years unexpired lease, how much does it cost on average to extend in this location by, say, 35 years?
I just completed on a property in Nether Edge and it has circa fivety seven years balance left. I'd like to arrange a lease extension by twenty years
I am about to view a one bedroom flat, although not exactly my perfect property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 71 years outstanding on the lease. It is also a repo so I'm guessing that the lender will not be interested in doing a lease extension. My main concern is would the short lease make it difficult to secure a mortgage?
I am looking at purchasing an auction property and found a two bed flat in Nether Edge. It has just 41 year lease..the vendor being mortgagees in possession dont want the aggravation of negotiating a lease extension..what are the disadvantages of this other than the expensive fee to extend the lease and reduced chance of getting a mortgage with Bank of Ireland?
Me and my partner are considering purchasing a garden flat in Nether Edge which is a leasehold. I am wondering what are the pros and cons of that - what occurs when lease expires, the cost of a lease extension, can the freeholder of the land evict me from my own flat and prevent me from extending the lease?
I am looking for advice as I am interested in a property that has only a 74 year lease and therefore requires a lease extension. Is it possible for me to call someone to go through my options please?
My wife and I are concerned about seeking a lease extension from an objectionable freeholder. Notwithstanding that the legal procedures were adhered to under the 1993 Act, the freeholder still tried to charge ground rent of £300 doubling every twenty years of the new term. Can you help?
My wife and I are aware that others in the same building had already had a lease extension, and the freeholder seemed amenable. Therefore is seems worth taking risk of avoiding a formal survey and calculate the initial offer on previous prices . This would save on double valuation charges. Is this advisable?
I am currently negotiating a lease extension for my flat in Nether Edge 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?
I have a lease of 75 years remaining on my flat in Nether Edge. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?