Ormskirk Lease Extension - Your Legal Fees Calculator
Questions and Answers: Ormskirk Lease Extensions
We have seen a house for sale for £215k and we are very interested but we've just found out that it is leasehold. There are 928 years balance left 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 correct? We wouldn't want to pay a mortgage for 25 years without owning the property. Any information would be much appreciated.
Hi. I need someone to have a look at my lease extension ahead of it being signed just to make sure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor changes.
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 deliberating over purchasing a one bedroom apartment (leasehold) but the freeholder has been absent for approximately 15yrs. My question is would it be less expensive to try to acquire the reversionary title or to get a lease extension and apply for RTM?
My co-lessees and I are in a building containing five flats in Ormskirk and have been offered to buy the freehold for 8k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
My mortgage lender is requesting several hundred pounds for their property lawyers to agree a lease extension for my flat in Ormskirk... I can find no mention of this in my mortgage contract... is this a standard cost that they charge?
I am looking to buy a one bed flat in Ormskirk for asking price of 156k, which has fivety eight years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
My fiance and I have owned a leasehold flat for approximately eighteen years. It now has 61 years outstanding on the lease. After 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 LVT and would welcome advice.
Hopefully an easy question for you, how much is the premium payable for a lease extension on a residential property in Ormskirk for a three bed flat - section 42 is already served?
I have 58 years remaining on my lease of a ground floor flat in Ormskirk, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable