Newmarket Lease Extension - Your Legal Fees Calculator
Newmarket Lease Extensions: Q and A’s
My partner has an apartment based in Newmarket which we are about to put on the market. The leasehold has approximately seventy seven years outstanding on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Thank you.
I'm about to make an offer on a house in Newmarket but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Lloyds TSB Bank giving us the mortgage now?
I acquired a garden flat in Newmarket. The start date for the lease was in 1992 for 99 years. Now I am looking to extend the lease. I am uncertain about additional expenses, could you tell me please how much I should expect to spend on this?
The terms for the lease on my apartment in Newmarket are 99 years from 1 Dec 1990. Can you provide me a quote to extend the lease if I give you more details please?
I am thinking about whether to purchase the freehold or a lease extension of my property in Newmarket and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously refinance with Leeds Building Society to release of equity. My adviser dealing with the remortgage suggested I get two quotes : one for the lease extension and one for outright acquisition .The lease commenced in 1979 and since then the ground rent has increased from £25.00 per year to £200 per year.
I am concerned that my daughter is being hoodwinked. She put in an offer on a one bedroom second floor purpose built maisonette in Newmarket, where the lease is around fivety eight years but she was told by the estate agents that the seller had extended it to 125 years. Only now has she been informed the current owner was holding off for her to instruct lawyers prior to commencing with the lease extension. Sounds odd to me, also it will take months to sort it all out. Am I being too sceptical?
My apartment in Newmarket is up for sale and I have a hopefully firm offer. There is eighty one years unexpired on the lease and I want a lease extension. How much will it likely cost to get a lease extension by, say,thirty years
Me and my husband are in the throws of buying a flat (a ground floor flat inNewmarket with share of freehold). Throughout our search, we were always looking at apartments that had a minimum 83 years outstanding. We found a place we fell in love with and the selling agent promised us that the lease term was not an issue. Yesterday our property lawyers informed us the lease only has 64 years and therefore requires a lease extension. Should we run away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
I am the freeholder of a property in Newmarket where the leaseholder has requested a lease extension. Her so called valuation expert has provided a figure of £8,000, but has increased this by £2,000 without too much effort. My valuer has come back with £12,520. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to tribunal, can I deal with this myself, just armed with the valuations I have? If not, what charges would I be likely to face?
We have a one bedroom apartment in Newmarket with a lease of 66 years left with a value of around £370000 we want to add 125 years to it, how much is that likely to cost?