Plymstock Lease Extension - Your Legal Fees Calculator
Plymstock Lease Extensions: Q and A’s
We agreed with the freeholder to a lease extension on our flat located in Plymstock, 10k for an additional 90yrs. How long will it take ?
I am looking into the costs of carrying out a lease extension for my maisonette in Plymstock, and would like some figures on that.
What will I need to spend and what is the best way to get a lease extension started? I have about seventy three years left on my lease on a studio flat in Plymstock. I have emailed the managing agents who act on behalf of the head landlord and they gave me the number for the valuer. I left a phone message for the surveyor but I am not getting any calls back.
Ref a leasehold in Plymstock. GFF maisonette. seventy seven yrs remaining. I have negotiated a lease extension price of £20k for 125yrs. Freeholder also requested Section 42 Notice which I think should not be required. Advice required.
My wife and I would like to know the cost of a lease extension valuation for a property based in Plymstock. Is this something you can assist us with?
I'm living at mum and dad but have a garden flat in Plymstock let out which has a 64 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 Plymstock 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. Not sure sure whether to hold on or sell the flat?
Just been over 2 years that I have been in my maisonette in Plymstock. I have seventy years left on the lease. I am now looking either to purchase a share of freehold or a lease extension. I purchased the property for 320K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my solicitors about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
My and my fiance know that others in the same block previously had a lease extension, and the freeholder was amenable. Therefore is seems worth taking risk of avoiding a formal survey and base the initial offer on previous prices . This would save on double valuation fees. Is this advisable?
I am planning on refinancing my three bed flat in Plymstock and the next lender that I am looking to switch to needs a minimum 85 years remaining on the lease in order for them to take the mortgage forward. We currently have around 55 years on the leasehold so looking for some advice, guidance, and some quotes to set the wheels in motion for a lease extension
Do you handle lease extensions on land? (a plot of land in Plymstock with 82yrs remaining)