Redfield Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to Redfield Lease Extensions
I have an interest in the freehold of buildings comprising of six flats each. 2 of the leasehold owners want to extend their leases and I'm curious about the the process
I have a lease of sixety eight years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
Hello. I need someone to have a look at my lease extension ahead of it being formalised just to make sure there's nothing that I haven't seen - it's just a reissue with a few minor amendments.
I plan on buying a flat based in Redfield. The offer is subject to the lease extension. The flat owner’s property lawyers 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 Aldermore. Moreover, which are the following lease extension steps to complete the purchase?
Is it possible to talk with you about a leasehold property in Redfield, I am considering bidding at auction next month. 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 looking to either purchase the freehold or a lease extension of my property in Redfield and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a remortgage with Godiva Mortgages Ltd to release of equity. My adviser dealing with the remortgage suggested I get two estimates : one for the lease extension and one for the freehold purchase .The lease commenced in 1981 and since then the ground rent has increased from £15.00 per annum to £100 per annum.
My conveyancing practitioners (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?
My dad has a share of freehold, with two other leaseholders in a building in Redfield. House split into three flats. He has a lease, which has around sixety five years unexpired lease. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
I own the freehold reversion of a property in Redfield where the leaseholder has requested a lease extension. Her valuer has provided a figure of £9,000, but has upped this by £2,000 without too much effort. My surveyor has come back with £12,520. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to tribunal, can I handle the matter myself, just equipped with the valuations I have? If not, what charges would I be likely to face?
I am currently negotiating a lease extension for my flat in Redfield 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?