Papworth Everard Lease Extension - Your Legal Fees Calculator
FAQs concerning Papworth Everard Lease Extensions
I'm about to make an offer on a house in Papworth Everard but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Birmingham Midshires giving us the mortgage now?
I am thinking about buying an auction property and came upon a one bed flat in Papworth Everard. It only has a 50 year lease..the vendor as mortgagees in possession will not want to mess around with negotiating a lease extension..what are the disadvantages of this except for the costly fee to put a new lease on it and reduced chance of obtaining a mortgage with Barclays ?
Regarding a residence in Papworth Everard. upper maisonette. sixety eight yrs left. I have an agreed lease extension to £20k for 135yrs. Freeholder also requested Notice of Claim which I think should not be necessary. Advice required.
I am the freeholder of a Victorian property split into two apartments. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 72 years. What are my next steps?
Me and my partner have been in discussion with our freeholder after having a valuation on our three bedroom ground floor purpose built flat in Papworth Everard. We have a sixety eight year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a lawyers to handle this for us. Can you please provide me what your costs would be to act on our behalf.
I'm looking at acquiring an apartment in Papworth Everard at a price of £195,000 the flat has approaching sixety years remaining on the lease. I put in an offer subject to the lease being extended... .. that was back in August, hoping I'd be in before now. The seller has just come back saying that they are prepared to knock £5k off if they don't have to deal with the lease extension. I'm unsure if I should take them up on the offer
I am the freeholder of a property in Papworth Everard and a leaseholder would like a lease extension. Her so called valuation expert has suggested a figure of £9,000, but has increased this by £2,000 at the drop of a hat. My valuer has come back with £12,520. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to a FTT, can I handle the matter myself, just armed with the valuations I have? If not, what charges would I be likely to face?
I am concerned about getting a lease extension from an objectionable landlord. Even though the correct procedures were followed under the appropriate legislation, the freeholder still tried to charge ground rent of £200 increasing by 100% every 25 years of the new lease. Can you help?
My nephew knows that others in the same block had already had a lease extension, and the landlord seemed amenable. Therefore is seems worth taking risk of avoiding a formal valuation and calculate the initial offer on previous premiums paid . This would save on double valuation fees. Would you suggest this course of action?
I have seventy four years remaining on my lease of a ground floor flat in Papworth Everard, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high