Nottingham Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Nottingham Lease Extensions
Me and my fiance are seeking a lease extension for our apartment based in Nottingham and we are confused by the letter that we received from our landlord company. What's your legal fee?
Hi, I just randomly found your site. I'm seeking prices on what a lease extension will cost for a ground floor flat located in Nottingham. It's on the market at the moment but has around 74 years unexpired lease on the lease
I am looking to extend the lease on my ground floor flat in Nottingham which will have 58 years outstanding in November. What fees apply?
I would like to have my residential flat leasehold extension premium assessed. The flat is in Nottingham, and my lease will reach sixety nine years this October. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?
We would like to extend our lease having owned the place for 2 years as of 11th April 2015. It has nearly sixety two years remaining currently. Hoping to get a lease extension with a further 90 years as quickly and stress free as is reasonably achievable.
I intend to buy a one bed flat in Nottingham for asking price of 125k, which has 61 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 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 somebody 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?
Me and my husband are hoping to buy a flat (a garden flat located inNottingham with share of freehold). Throughout our search, we were always looking at properties that had a minimum eighty five years remaining. We identified a place we fell in love with and the selling agent assured that the lease term was not an issue. This morning our conveyancers advised us the lease only has seventy three years and thus needs a lease extension. Should we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
I'm looking for some advice concerning a lease extension on my flat. I'll be looking to do this in nine months time as we must move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. Do I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?
I know that others in the same block had already had a lease extension, and the freeholder was amenable. Therefore is seems worth taking risk of avoiding a formal survey and calculate the initial offer on previous prices . This would save on double valuation charges. Would you recommend this course of action?