Papworth Everard Lease Extension - Your Legal Fees Calculator
Papworth Everard Lease Extensions Example Support Desk Enquiries
I need to extend my current lease can you assist? I think it has sixety three years remaining
We have seen a house for sale for £185,000 and we are very keen on but we've just found out that it is leasehold. There are 899 years balance left 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 owning the property. Any guidance would be much appreciated.
My co-lessees and I are in a block of five flats in Papworth Everard 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?
I'm looking for a flat to buy in Papworth Everard and I'm not really familiar with the leasehold concept. I've identified a ground floor flat I like with a 82 years lease. I've read that I can apply for a lease extension having owned the property for a couple of years, but:- Is this a given?
Offer accepted on a a garden flat in Papworth Everard, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer in writing through the post which states the lease as eighty years.We are about to exchange contracts within a week. My query is why has this only just been brought to my attention by my property lawyers?
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?
Just been over 2 years that I have owned my maisonette in Papworth Everard. I have seventy four yrs outstanding on the lease. I am now looking either to purchase a share of freehold or extend my lease. I acquired the property for 320K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my property 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?
If somebody 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?
Me and my OH are are hoping to complete on a maisonette in Papworth Everard which has share of freehold and a leasehold. The lease was on the short side so the seller commenced dealing with a lease extension. The vendor has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our solicitors to do a pre-completion search on the property title. The problem here is that as a lease extension has been submitted we've been told by our lawyers it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it correct that we must hold on until the new lease is registered?
I was hoping you might be able to tell me the process of how to apply for a lease extension for my one bedroom apartment in Papworth Everard