Penn and Ettingshall Lease Extension - Your Legal Fees Calculator
Questions and Answers: Penn and Ettingshall Lease Extensions
I'm about to make an offer on a house in Penn and Ettingshall 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 Santander giving us the mortgage now?
I am in need of a rough estimate of what a lease extension will cost for a flat I intend to buy. It has 58 years residual lease term.
I inherited a garden flat based in Penn and Ettingshall with a leasehold unexpired of sixety six years. I am curious about what I will need to spend to extend my lease
The terms for the lease on my apartment in Penn and Ettingshall are 99 years from 1 Dec 1988. Can you supply me me a quote for a lease extension if I give you more information please?
I am looking to either purchase the freehold or a lease extension of my property in Penn and Ettingshall and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously get a new mortgage with Bank of Scotland to release of equity. My adviser handling the remortgage suggested I get two quotes : one to extend the lease and one for the freehold acquisition .The lease began in 1981 and since then the ground rent has been raised from £38.00 per year to £125 per annum.
I am looking at purchasing an auction property and found a two bed flat in Penn and Ettingshall. It only has a 49 year lease..the vendor being mortgagees in possession will not want the aggravation of seeking a lease extension..what are the disadvantages of this other than the huge fee to put a new lease on it and decreased chance of obtaining a mortgage with Coventry Building Society?
My wife and I have a residential flat in Penn and Ettingshall with 59 years remaining. Last year we were quoted a deal to have a lease extension for a further 25 years but also uplift the ground rent from nominal to £300 per annum..plus a premium I think of approximately 10k. Finally we have decided to go ahead but do we now have to start the negotiations again?
My wife and I have owned a leasehold flat for approximately eighteen years. There are fivety four years remaining on the lease. Following a year of difficult negotiations through my conveyancers and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to a Tribunal and would welcome advice.
I own the freehold reversion of a property in Penn and Ettingshall where the leaseholder would like a lease extension. Her so called valuation expert has provided 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 a FTT. If a lease extension does go to a FTT, can I deal with this myself, just equipped with the valuations I have? If not, what costs would I be likely to incur?
My and my husband know that others in the same building previously had a lease extension, and the landlord was amenable. Therefore is seems worth taking risk of not having formal valuation and calculate the initial offer on previous prices . This would save on double valuation charges. Would you recommend this course of action?