Penge Lease Extension - Your Legal Fees Calculator
Questions and Answers: Penge Lease Extensions
I’m thinking about a lease extension for our garden flat based in Penge and we don't fully comprehend the letter that we got from our landlord company. What's your legal fee?
I’m about to offer on a studio flat to purchase in the Penge area and was curious what the likely fees would be to extend a lease? It has sixety four years as a balance left...
I own a leasehold flat in the Penge area and was curious if I could obtain a lease extension. What are your processes and charges. Has 76 years unexpired
I am considering bidding for an auction property and found a studio flat in Penge. It only has a fifty year lease..the seller as mortgagees in possession will not want the aggravation of negotiating a lease extension..what are the disadvantages of this other than the costly fee to put a new lease on it and reduced chance of obtaining a mortgage with Birmingham Midshires?
I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
Just been over two years that I have been in my garden flat in Penge. I have 76 years unexpired lease on the lease. I am now wanting to purchase a share of freehold or extend my lease. I purchased the property for 320K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my conveyancers about the process, he answered most of my questions but just have one left: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to LVT)?
Even though I may not need a lease extension but I do need a vesting order on a property I want to buy in Penge. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1854. Its the rear garden.
I'm looking at purchasing a flat in Penge valued at £210,000 the flat has something like 61 years remaining on the lease. My offer was subject to the lease being renewed... .. that was back in November, hoping I'd be in by Christmas. The seller has just come back saying they are willing to knock £4k off if I deal with the lease extension myself. I'm not sure whether that's a good idea
I am worried about seeking a lease extension from tricky freeholder. Even though the legal procedures were adhered to under the 1993 Act, the freeholder still tried to get ground rent of £300 doubling every twenty five years of the new lease. Can you help?
We know that others in the same building had already had a lease extension, and the landlord was reasonable. Therefore is seems worth taking risk of avoiding a formal survey and base the initial offer on on the prices by others . This would save on double valuation charges. Is this advisable?