Northfield Lease Extension - Your Legal Fees Calculator
Common questions relating to Northfield Lease Extensions
I inherited a one bedroom first floor purpose built flat in Northfield that I am now unable to sell due to the lease needing a lease extension. How long will it take ?
I have an interest in the freehold of 2 blocks of flats comprising of six flats each. Two of the leaseholders want to extend their leases and I'm wondering about the procedure for this
I'm planning to make an offer on a house in Northfield but I'm a little worried 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 Virgin Money giving us the mortgage now?
I invested in buying a maisonette in Northfield. The lease started in 1991 for 99 years. Now I am wanting for a lease extension. I am in the dark about further expenses, could you tell me please how much I should expect to spend on this?
I am looking to either purchase the freehold or a lease extension of my property in Northfield and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a get a new mortgage with Lloyds TSB Bank to free up equity. The adviser dealing with the remortgage suggested I get two estimates : one to extend the lease and one for outright purchase .The lease started in 1979 and since then the ground rent has been raised from £15.00 per annum to £100 per annum.
I intend to buy a one bed flat in Northfield for asking price of 145k, which has 76 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
I would like some guidance on leasehold property buying. We intend to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Northfield area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?
Me and my OH have been in discussion with our freeholder after having a valuation on our garden flat in Northfield. We have a 79 year lease and we wish to increase this to 99. The Freeholder has given us with a financial figure that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a lawyers to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
I have seventy eight years remaining on my lease of a ground floor flat in Northfield, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
I have a lease of 58 years remaining on my flat in Northfield. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?