Norris Green Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Norris Green Lease Extensions
I have an interest in the freehold of buildings comprising of 8 flats each. 2 of the leaseholders want a lease extension and I'm enquiring about the procedure for this
I am looking to extend the lease on my garden flat in Norris Green which will have sixety six years remaining in November. What fees do you charge for this?
We have seen a house for sale for £185,000 and we are very interested but we've just discovered that it is leasehold. There are 899 years balance left so a lease extension is not a worry. 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 correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any feedback would be much appreciated.
I have been in touch with my freeholder to extend my lease for my flat in Norris Green. His conveyancing practitioners has been in contact with fees etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started November 1984.
I am looking into the costs of carrying out a lease extension for my garden flat in Norris Green, and would like some figures on that.
I'm looking for a flat to buy in Norris Green and I'm not really familiar with the leasehold concept. I've found a one bedroom apartment I like with a 87 years lease. I've read that I can apply for a lease extension after 2 years, but:- Should I be looking at some caveats that would prevent me for getting a lease extension?
I am a first time buyer of a leasehold flat in Norris Green. The lease has only 58 years residual lease term and ground rent is £75. Is it possible for the current owner to serve the Notice of Claim and then assign this right to me as the purchaser on the day of completion so that I can avoid waiting for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time costly to the homeowner? To add to the complexity the freeholder is absent, so I am not sure how this will play out.
Coming up to two years that I have owned my ground floor flat in Norris Green. I have 78 yrs left on the lease. I am now wanting to purchase a share of freehold or extend my lease. I acquired the property for 342K, it is now roughly 425k. 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: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process goes to LVT)?
I require an estimate to extend my aunt’s lease on a maisonette in Norris Green. She already has a figure from the landlord for a lease extension but I am unclear whether it is too high.
I am currently in the process of remortgaging my garden flat in Norris Green and the new lender that I am looking to switch to requires a minimum 80 years on the leasehold of my property in order for them to take the mortgage forward. I have found that I currently have around 65 years on the leasehold so looking for some help, guidance, and some quotes to start the lease extension process