Red Lodge Lease Extension - Your Legal Fees Calculator
Examples of recent questions relating to Lease Extensions in Red Lodge
I have shares in the freehold of buildings comprising of six flats each. 2 of the leasehold owners want to extend their leases and I'm wondering about the procedure for this
I'm wanting to make an offer on a house in Red Lodge 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 Birmingham Midshires giving us the mortgage now?
We have seen a house for sale for £195k and we are very interested but we've just discovered that it is leasehold. There are 798 years residual lease term so a lease extension is not a worry. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any guidance would be much appreciated.
I plan on buying a flat located in Red Lodge. My offer is subject to the lease extension. The seller’s solicitors 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 Skipton Building Society. Moreover, which are the following lease extension steps to complete the purchase?
I am a FTB of a leasehold flat in Red Lodge. The lease has only 65 years outstanding and ground rent is £95. Is it possible for the flat owner 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 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 is legal but will it be very time consuming to the homeowner? To add to the complexity it’s the case of an missing freeholder, so I am not sure how does it work.
We have a residential flat in Red Lodge with 60 years to run. Ten months ago we were quoted a deal to have a lease extension for another 25 years but also uplift the ground rent from nominal to £250 per year..plus a premium I think of approximately 16k. We have now decided to move forward but do we now have to start the negotiations again?
I am seeking advice as I am interested in a property that has only a sixety four year lease and therefore requires a lease extension. Is it possible for me to call someone to go through my options please?
I note that your website states the likely fee for dealing with a lease extension is £495. Is that the total cost excluding value added tax and the land registry fee? The price has already been agreed with the freeholder for the lease extension for my garden flat in Red Lodge
I know that others in the same block had already had a lease extension, and the landlord was amenable. It therefore appears worth taking risk of avoiding a formal valuation and base the initial offer on previous prices . This would save on double valuation charges. Is this advisable?
I require an estimate to extend my mother’s lease on a studio flat in Red Lodge. She recently got a figure from the landlord for a lease extension but I am unclear whether it is reasonable.