Pound Hill Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Pound Hill Lease Extensions
Hi. I need a lawyers to review my lease extension ahead of it being formalised just to ensure there's nothing that I haven't seen - it's just a surrender and regrant with a few small variations.
I need to talk to you about a flat in Pound Hill, I am considering buying at auction next week. The flat only has a few years left and I wanted to inquire about how much it would cost to get a lease extension and for your services.
I am about to view a one bedroom maisonette, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has sixety seven years balance left on the lease. It is also a repo so I'm assuming that the vendor will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?
I am a first time buyer of a leasehold flat in Pound Hill. The lease has just 72 years residual lease term and ground rent is £75. Is it possible for the seller to serve the Section 42 Notice and then assign over the right to me as the buyer on the day of completion so that I can avoid waiting for the two year requisite 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 consuming to the flat owner? Unfortunately the freeholder can not be found, so I am not sure how does it work.
I own a share of the freehold. There are four flats in the building. All the leaseholders are now looking for lease extensions. Are you willing to assist us with this situation?
Me and my husband had entered into a purchase of a one bedroom apartment in Pound Hill. I was assured that the lease had been lengthened (57 years left prior to extension). The description on the listing said "sold with a long lease". It transpires at the point of exchange of contracts we find that the lease has not been extended. The homeowner supposedly has a quote but no money to extend as a result the seller intends to exchange and use the 10% deposit to extend the lease. My question is why has this only just been brought to my attention by my conveyancers?
I own 60% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 60 years. I need a conveyancers at my end. Can you advise please? I live near Pound Hill and have a mortgage with The Mortgage Works.
If somebody 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 extending the lease?
I am the freeholder of a property in Pound Hill where the leaseholder has requested a lease extension. Her so called valuation expert has provided a figure of £8,000, but has increased this by £2,000 without too much effort. My valuer has come back with £12,520. She does not appear to wish to negotiate wanting to go to LVT. 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 fee would I be likely to face?
I'm hoping for some advice concerning a lease extension on my flat. I'll be looking to do this next June 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 LVT route. Should I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?