Portland Lease Extension - Your Legal Fees Calculator
FAQs concerning Portland Lease Extensions
I am considering investing in a holiday home but it has a lease that expires in fifteen years. Its in Portland - I wanted to see if with your services it is possible for this to be extended?
I'm planning to make an offer on a house in Portland but I'm concerned 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 Virgin Money giving us the mortgage now?
I am going to purchase a flat based in Portland. The offer is subject to the lease extension. The seller’s property lawyers has served the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Godiva Mortgages Ltd. Moreover, which are the following lease extension steps to complete the purchase?
I am a first time buyer of a leasehold flat in Portland. The lease has only seventy six years left and ground rent is £25. Is it possible for the vendor to serve the Section 42 Notice and then assign this right to me as the buyer once I complete the buying process so that I don't have to wait for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the owner? To add to the complexity the landlord is absent, so I am not sure how does it work.
My mortgage provider requires several hundred pounds for their conveyancers to agree a lease extension for my flat in Portland... I can find no reference of this in my mortgage guide... is this a usual fee to pay?
I am a freeholder of a block of flats in Portland, and the lessees are in the process of being granted lease extensions. I anticipate receiving funds next week. As I am not on self assessment do I contact the tax authorities ?
I am looking to buy a one bed flat in Portland for asking price of 145k, which has 77 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
My solicitors (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?
I'm hoping for some help concerning a lease extension on my apartment. I'll be looking to do this sometime next year as we need to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. You are able to recommend a good conveyancers who specialises in lease extensions. Ideally based in Portland?
My and my fiance know that others in the same block previously had a lease extension, and the freeholder seemed reasonable. It therefore appears worth taking risk of avoiding a formal survey and calculate the initial offer on on the premiums paid by others . This would save on double valuation charges. Would you suggest this course of action?