North End Lease Extension - Your Legal Fees Calculator
North End Lease Extensions: Q and A’s
I’m about to offer on a one bedroom first floor purpose built maisonette to buy in the North End area and was interested in finding out how much would it cost for a lease extension? It has 67 years unexpired...
We have seen a house for sale for £215k and we are very interested but we've just discovered that it is leasehold. There are 899 years left 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 guidance would be much appreciated.
I am the registered owner of a maisonette in North End with a leasehold unexpired of sixety one years. I am wondering about how much I will need to spend to extend my lease
I'm looking for an apartment to buy in North End and I'm not really familiar with the leasehold title. I've identified a garden flat I like with a 90 years lease. My research reveals that I can apply for a lease extension after a couple of years, but:- Is this a given?
My solicitors (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
I am in need of some help with a lease extension. I live in Dublin but the property in question is based in North End. I would be grateful if you can give me a call when you get a chance to discuss the case.
If somebody owns a flat with a lease of under 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 doing it?
I'm looking at buying a flat in North End valued at £195,000 the flat has approaching 74 years left on the lease. My offer was subject to a lease extension... .. that was back in November, hoping I'd be in before Christmas. They have just come back saying they'll reduce the price by£8k if they don't have to deal with the lease extension. I'm not sure if I should take them up on the offer
Me and my wife are acquiring a ground floor flat in North End which has share of freehold and a leasehold. The lease was starting to get low so the seller is in the process of extending the lease. The owner has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the house buying process is for our conveyancers to do OS1 search on the lease. The concern here is that as a lease extension has been submitted we've been told by our property lawyers it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it right that we have to be patient pending registration of the new lease?
I know that others in the same block previously had a lease extension, and the freeholder was reasonable. Therefore is seems worth taking risk of not having formal survey and base the initial offer on on the premiums paid by others . This would save on double valuation charges. Would you suggest such a course of action?