Pevensey Bay Lease Extension - Your Legal Fees Calculator
Common questions relating to Pevensey Bay Lease Extensions
I am the registered owner of a flat in Pevensey Bay with a leasehold unexpired roughly sixety seven years and need a lease extension. Please can you clarify the next stages
I need to talk to you about an apartment in Pevensey Bay, I am considering bidding at auction in the next few days. The flat has a short lease and I wanted to inquire about what it would cost to get a lease extension and for your services.
I am looking at purchasing an auction property and found a one bed flat in Pevensey Bay. It has just 41 year lease..the current owner as mortgagees in possession will not want the aggravation of seeking a lease extension..what are the disadvantages of this except for the expensive fee to extend the lease and reduced chance of getting a mortgage with Nationwide Building Society?
My father has a share of freehold, with two other leaseholders in a building in Pevensey Bay. House converted into three apartments. He has a lease, which has around seventy five yrs unexpired lease. How much would it cost for a lease extension and how many years would he need to extend by?
I am in need of some help with a lease extension. I live in Edinburgh but the property in question is based in Pevensey Bay. I would be grateful if you can give me a call when you get a chance to discuss the case.
I'm living at mother and father but have a studio flat in Pevensey Bay let out which has a 60 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Pevensey Bay for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Should I keep or sell the flat?
If a leaseholder 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?
I'm intent on purchasing a flat in Pevensey Bay valued at £195,000 the flat has approaching 71 years remaining on the lease. My offer was conditional upon a lease extension... .. that was back in November, hoping I'd be in before Christmas. The seller has just come back saying they are willing to reduce the price by£8k if they don't have to deal with the lease extension. I'm unsure if I should take them up on the offer
I require an estimate to extend my aunt’s lease on a ground floor flat in Pevensey Bay. She recently got a figure from the landlord for a lease extension but I am not sure it is reasonable.
I am currently negotiating a lease extension for my flat in Pevensey Bay as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?