Rainhill Lease Extension - Your Legal Fees Calculator
Questions and Answers: Rainhill Lease Extensions
I bought a flat in Rainhill with a leasehold unexpired just over 60 years and need to extend it. Please can you clarify the next steps
I am in need of a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has fivety four years unexpired.
I inherited a 2 bed flat based in Rainhill with a leasehold unexpired of sixety three years. I am wondering about what I will need to spend to extend my leasehold
I am about to put an offer in on a garden flat in Rainhill with a lease of seventy four years but have no idea how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
I plan on buying a flat in Rainhill. The offer is conditional upon a lease extension. The flat owner’s conveyancers has given to the freeholder 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 Birmingham Midshires. Moreover, which are the following lease extension steps to complete the purchase?
I am a FTB of a leasehold flat in Rainhill. The lease has only 62 years outstanding and ground rent is £25. Is it possible for the vendor to serve the Initial Notice and then assign over the right to me as the buyer once I complete the buying process so that I can avoid waiting for the 2 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 vendor? Unfortunately it’s the case of an missing freeholder, so I am not sure how does it work.
Regarding a property in Rainhill. lower maisonette. seventy three yrs remaining. I have negotiated a lease extension price of £12,000 for 125yrs. Freeholder also insisted on Initial Notice which I think is a bit over the top. Advice required.
I intend to buy a one bed flat in Rainhill for asking price of 125k, which has 58 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
Coming up to 2 years that I have been in my maisonette in Rainhill. I have seventy five years unexpired lease on the lease. I am now wanting to buy a share of freehold or extend my lease. 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: In terms of surveyors - how do I go about finding one?
I have a lease of 79 years remaining on my flat in Rainhill. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?