Norton Woodseats Lease Extension - Your Legal Fees Calculator
Questions and Answers: Norton Woodseats Lease Extensions
We are thinking about a lease extension for our garden flat in Norton Woodseats and we are confused by the communication that we received from our landlord company. Can you please help us with this situation?
My wife has a flat located in Norton Woodseats which we are about to put on the market. The leasehold has roughly fivety nine years balance left on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we commence arranging a lease extension? Many thanks.
I have a lease of seventy three years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
I am looking to buy a ground floor flat in Norton Woodseats with a lease of 71 years but not sure what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
I purchased a two bedroom first floor purpose built maisonette in Norton Woodseats. The start date for the lease was in 1991 for 99 years. Now I am looking for a lease extension. I am uncertain about additional expenses, could you tell me please how much I should expect to spend on this?
I plan on buying a flat based in Norton Woodseats. The offer is conditional upon a lease extension. The seller’s conveyancers has served the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender The Royal Bank of Scotland. Moreover, which are the following lease extension steps to complete the purchase?
We have a residential flat in Norton Woodseats with 64 years remaining. Ten months ago we were quoted a deal to have a lease extension for another 25 years but also uplift the ground rent from nominal to £250 per year..plus a premium I think of approximately 10k. Finally we have decided to go ahead but do we now have to start the negotiations again?
I intend to buy a one bed flat in Norton Woodseats for asking price of 156k, which has 72 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
If a leaseholder owns a flat with a lease of less than 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 am currently negotiating a lease extension for my flat in Norton Woodseats as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?