Onslow Village Lease Extension - Your Legal Fees Calculator
Common questions relating to Onslow Village Lease Extensions
So this is the scenario: I bought a studio flat in Onslow Village that I am now unable to sell due to the lease needing a lease extension. How long will it take ?
We have seen a house for sale for £195k and we are very keen on but we've just found out that it is leasehold. There are 928 years residual lease term so a lease extension is not an issue. 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 25 years without the house being ours. Any guidance 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?
Possibly made an error, I am actually looking for a conveyancers in Onslow Village who has Leasehold Tribunal expertise in relation to lease extensions. Are you able to help me with?
The terms for the lease on my flat in Onslow Village are 99 years from 14 Dec 1989. Can you supply me me a quote for a lease extension if I give you more details please?
Just been over two years that I have owned my studio flat in Onslow Village. I have 70 yrs left on the lease. I am now wanting to buy a share of freehold or extend my lease. I purchased the property for 320K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my lawyers about the process, he answered most of my questions but just have one left: In terms of surveyors - how do I go about finding one?
My brother and I are in the throws of buying a flat (a maisonette based inOnslow Village with share of freehold). Throughout our search, we were always looking at properties that had at least 84 years left on the lease. We identified a flat we liked and the selling agent promised us that the lease was long albeit not specifying a number. Today our conveyancers informed us the lease only has 68 years and thus requires a lease extension. Do 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?
We know that others in the same building previously had a lease extension, and the freeholder was reasonable. Therefore is seems worth taking risk of not having formal survey and calculate the initial offer on on the prices by others . This would save on double valuation charges. Would you recommend this course of action?
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 Onslow Village
I'm looking for some advice with regard to a lease extension on my one bedroom ground floor purpose built flat in Onslow Village. I'll be looking to do this sometime next year as we need to move at some point 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 tribunal route. Can you recommend a good conveyancing practitioners who specialises in lease extensions?