Old Stratford Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Old Stratford Lease Extensions
I have got a leasehold flat in the Old Stratford area and was wondering whether I could get a lease extension. What are your processes and fees. Has sixety four years left
We have seen a house for sale for £185,000 and we are very interested but we've just found out that it is leasehold. There are 928 years remaining so a lease extension is not a worry. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for twenty years without owning the property. Any feedback would be much appreciated.
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'm thinking of purchasing a studio flat (leasehold) but the freeholder has been missing for nearly 15yrs. I wonder whether it will be cheaper to try to buy the reversionary title or to get a lease extension and apply for RTM?
I am a freeholder of a block of flats in Old Stratford, and the lessees are in the process of being issued lease extensions. I anticipate receiving funds next month. As I am not on self assessment do I get in touch with the Inland Revenue ?
Offer accepted on a a garden flat in Old Stratford, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer come through which states the lease as 82 years.Contracts were due to be exchanged within a week. My question is Is it not odd that my solicitors didn't spot this far earlier than just before exchange?
I am looking to buy a one bed flat in Old Stratford for asking price of 156k, 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 difficult is the process of going down the route of Leasehold Valuation Tribunal?
My property lawyers (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
I am hoping to extend the lease on my studio flat in Old Stratford I am looking for help to verify the premium. I have a price from the landlord. I would like to go forward as soon as possible, but for the right premium and fee.
I am the freeholder of a Edwardian 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 seventy four years. What are my next steps?