Old Swan Lease Extension - Your Legal Fees Calculator
Sample questions relating to Old Swan Lease Extensions
I have an interest in the freehold of buildings comprising of seven flats each. Two of the leasehold owners want a lease extension and I'm curious about the procedure for this
We have seen a house for sale for £215k and we are very keen on but we've just discovered that it is leasehold. There are 798 years outstanding 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 correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any help would be much appreciated.
Do you only undertake lease extensions in Old Swan? I own a flat in Abbey Wood with 90 years outstanding, I am looking for a quote from a conveyancing practitioners.
Regarding a leasehold in Old Swan. GFF maisonette. fivety seven yrs unexpired. I have an agreed lease extension to £14k for 135yrs. Landlord also requested Notice of Claim which I think should not be necessary. Advice required.
We have owned a leasehold flat for around twenty years. There are 62 years remaining on the lease. Following a year of difficult negotiations through my solicitors and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to a Tribunal and would appreciate advice.
If a leaseholder owns a flat with a lease of under 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?
We are buying a garden flat in Old Swan which has share of freehold and a leasehold. The lease was on the short side so the vendor is in the process of extending the lease. The seller’s lawyer has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the house buying process is for our solicitors to do OS1 search on the property title. The problem here is that as a lease extension has been submitted we've been told by our conveyancing practitioners it may not be possible to do this "priority search" right now as the new lease title number is not known. Is it right that we must hold on pending registration of the new lease?
I am currently negotiating a lease extension for my flat in Old Swan 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?
We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my garden flat in Old Swan
We have a maisonette in Old Swan with a lease of 73 years left with a value of around £290000 we want to add 90 years to it, how much is that likely to cost?