North Hykeham Lease Extension - Your Legal Fees Calculator
FAQs concerning North Hykeham 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 curious about the procedure for this
We are selling our garden flat in North Hykeham but we may need to extend the lease, or possibly cover the costs of our buyers. Can you help me find someone to undertake the legal formalities?
I am a FTB of a leasehold flat in North Hykeham. The lease has only 58 years residual lease term and ground rent is £50. Is it possible for the owner to serve the Notice of Claim and then transfer over the right to me as the buyer once I complete the buying process so that I can avoid waiting for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time consuming to the vendor? Unfortunately it’s the case of an absent freeholder, so I am not sure how does it work.
I own a share of the freehold. There are three flats in the block. All the leaseholders are now looking for lease extensions. What are the timescales to grant a lease extension?
We wish to extend our lease having owned the property for two years as of 22nd Feb 2015. It has nearly sixety five years remaining currently. Hoping to get a lease extension by another 90 years as expeditiously and stress free as possible.
Offer accepted on a a garden flat in North Hykeham, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer in writing through the post which states the lease as 85 years.We are about to exchange contracts in a couple of days. My query is why has this only just been brought to my attention by my lawyers?
Me and my wife have owned a leasehold flat for around twenty years. It now has fivety five years remaining on the lease. After a year of protracted negotiations through my solicitors and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to a Tribunal and would appreciate advice.
I am hoping to extend the lease on my one bedroom first floor purpose built flat in North Hykeham I am looking for a local company to calculate the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
I am the freeholder of a 1930’s property split into two flats. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 78 years. What are my next steps?
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?