Old Stratford Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to Old Stratford Lease Extensions
I want to purchase a leasehold property and extend the lease. The current owner has been there for four years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
I am looking for a lawyers in Old Stratford and they should be on the Yorkshire Building Society approved conveyancers panel as we need a lease extension and remortgage at the same time. Are you able to recommend a lawyers ?
This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
I invested in buying a one bed flat in Old Stratford. The lease commenced in 1998 for 99 years. Now I am wanting to extend the lease. I am unclear about additional expenses, could you tell me please how much I should expect to spend on this?
How much will it cost me and what is the best way to start the lease extension process? I have roughly sixety one years unexpired lease on my lease on a three bedroom second floor purpose built flat in Old Stratford. I have called the managing agents who act on behalf of the head landlord and they gave me the number for the valuer. I telephone the surveyor but I am not receiving any calls back.
I am looking to buy a one bed flat in Old Stratford for asking price of 125k, which has 68 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 the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
I own 70% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around sixety five years. I need a solicitors at my end. Can you advise please? I live near Old Stratford and have a mortgage with Santander.
Just been over two years that I have owned my maisonette in Old Stratford. I have sixety five yrs left on the lease. I am now wanting to purchase a share of freehold or extend my lease. I acquired the property for 320K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my conveyancers about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Old Stratford for a three bed flat - sec 42 having been issued?
My wife and I are aware that others in the same block had already had a lease extension, and the freeholder was amenable. Therefore is seems worth taking risk of not having formal valuation and calculate the initial offer on previous premiums paid . This would save on double valuation charges. Would you suggest such a course of action?