New Eltham Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to New Eltham 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?
I'm deliberating over buying a one bed flat (leasehold) but the freeholder has been absent for nearly 15yrs. I wonder whether it will be less expensive to try to buy the freehold or to get a lease extension and apply for RTM?
Possibly made an error, I am actually looking for a conveyancing practitioners in New Eltham who has Leasehold Tribunal expertise in relation to lease extensions. Are you able to assist me with?
I need to talk to you about a leasehold property in New Eltham, I am considering bidding at auction in the next few days. The flat has a short lease and I wanted to inquire about what it would cost to get a lease extension and for your services.
My wife and I have a first floor flat in New Eltham with fivety five years remaining. Last year we were quoted a deal to grant a lease extension for another 25 years but also uplift the ground rent from notional to £200 per year..plus a premium I think of approximately 10k. Finally we have decided to proceed but do we now have to start the negotiations again?
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 extending the lease?
I have a leasehold property in New Eltham with sixety one years left on the lease. I need a lawyers to act for me to get a lease extension. Can you help?
Hopefully an easy question for you, how much is the premium payable for a lease extension on a residential property in New Eltham for a three bed flat - section 42 having been issued?
I am planning on remortgaging my one bed flat in New Eltham and the mortgage company that I am looking to move to requires a minimum 85 years remaining on the lease in order for them to take the mortgage forward. We currently have around 58 years on the leasehold so require some help, guidance, and some quotes to set the wheels in motion for a lease extension
I am currently negotiating a lease extension for my flat in New Eltham 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?