Ramsbottom Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Ramsbottom Lease Extensions
Hello, I stumbled across this site. I'm looking for prices on what a lease extension will cost for a garden flat in Ramsbottom. It's up for sale at the moment but has circa seventy seven years left on the lease
Last year I purchased a leasehold flat in Ramsbottom. I have built a large extension and have not informed my freeholder. What should I do?
I am a first time buyer of a leasehold flat in Ramsbottom. The lease has only seventy eight years residual lease term and ground rent is £50. Is it possible for the current owner to serve the Section 42 Notice and then transfer this right to me as the buyer on the day of completion 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 consuming to the homeowner? To add to the complexity the freeholder can not be found, so I am not sure how this will play out.
We are considering purchasing a maisonette in Ramsbottom which is a leasehold. I am wondering what are the pros and cons of that - what happens when lease expires, how much it costs to extend it, can the freeholder of the land evict me from my own flat and block me from extending the lease?
Although I do not need a lease extension but I do require a vesting order on a property I want to buy in Ramsbottom. The house is freehold but the garden is officially leasehold, 1000 year lease from 1889. Its the garden area.
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 doing it?
My husband and I have been in discussion with our freeholder after having a valuation on our garden flat in Ramsbottom. We have a 60 year lease and we wish to increase this to 99. The Freeholder has provided us with a financial figure that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a property lawyers to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
Hi I own the freehold title in a one bedroom flat in Ramsbottom. The leaseholder has a 57 year lease and would like to purchase an additional 125 years. She is offering me £18,000 but I am unsure if this is a correct amount
I own the freehold of a couple of flats. Someone has the lease on the ground flat in Ramsbottom. I live in the upper flat. I was reviewing the land registry documents yesterday when I noticed that my flat has a lease on it. There is sixety eight years left. If I want to do a lease extension then would I just be paying for the solicitors charges?
I am currently negotiating a lease extension for my flat in Ramsbottom as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?