Prestbury Lease Extension - Your Legal Fees Calculator
Common questions relating to Prestbury Lease Extensions
I am the owner of a maisonnette together with the freehold. My downstairs neighbours have asked to extend the lease what do I need to do?
I have contacted my freeholder to extend my lease for my flat in Prestbury. Her lawyers has been in contact concerning charges etc. I need a quote for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started June 1993.
The terms for the lease on my flat in Prestbury are 99 years from 15 Jan 1989. Can you supply me me a quote to extend the lease if I give you more specifics please?
I need to talk to you about an apartment in Prestbury, I am thinking of buying at auction next week. The flat has a short lease and I am curious about how much it would cost to get a lease extension and for your services.
I'm looking for a flat to buy in Prestbury and I'm not really familiar with the leasehold arrangement. I've identified a one bedroom ground floor purpose built flat I like with a 90 years lease. My research reveals that I can go for a lease extension having owned the property for a couple of years, but:- Should I be looking at some caveats that would prevent me for getting a lease extension?
I am considering purchasing an auction property and found a studio flat in Prestbury. It has just 48 year lease..the seller being mortgagees in possession dont want the aggravation of seeking a lease extension..what are the disadvantages of this other than the huge fee to extend the lease and decreased chance of obtaining a mortgage with The Royal Bank of Scotland?
We have a residential flat in Prestbury with sixety seven years unexpired. Last year we were quoted a deal to have a lease extension for a further thirty years but also increase ground rent from nominal to £300 per annum..plus a premium I think of about 16k. Finally we have decided to move forward but do we now have to start the negotiations again?
My property lawyers (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 am the freeholder of a Victorian property split into two apartments. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 57 years. What are my next steps?
If somebody owns a flat with a lease of less than 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?