Riding Mill Lease Extension - Your Legal Fees Calculator
Questions and Answers: Riding Mill Lease Extensions
Hi, I just randomly found your website. I'm looking for prices on what a lease extension will cost for a maisonette based in Riding Mill. It's up for sale at the moment but has about sixety seven years remaining on the lease
I invested in buying a property in Riding Mill and it has around 74 years left. I'd like to arrange a lease extension by twenty years
I want to buy a leasehold property and extend the lease. The owner has been there over two years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
I have been in touch with my freeholder for a lease extension for my flat in Riding Mill. His solicitors has been in contact regarding costs 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 April 1987.
I'm looking for an apartment to buy in Riding Mill and I'm not really familiar with the leasehold concept. I've found a garden flat I like with a 91 years lease. My research reveals that I can go for a lease extension after 2 years, but:- Is this a given?
My mortgage provider is requesting a £600 fee for their solicitors for a "deed of substituted security" for the lease extension for my flat in Riding Mill... I can find no mention of this in my mortgage literature... is this a usual fee to pay?
We have a first floor flat in Riding Mill with fivety eight years to run. Last year 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 annum..plus a premium I think of approximately 9k. We have now decided to proceed but do we now have to renegotiate?
Me and my wife are proceeding with buying a ground floor flat in Riding Mill. I was advised by the EA that the lease extension had already been completed while on a viewing (seventy three years remaining prior to extension). The description on the listing stated "sold with a long lease". It transpires as we are about to exchange of contracts we find that there has been no lease extension. The owner apparently has a quote but no finances to extend and consequently the seller wants to exchange and use the my deposit to extend the lease. My question is is it not odd that my lawyers failed to spot this far earlier than just before exchange?
If a leaseholder 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 extending the lease?
My wife and I are hoping to acquire a flat (a one bedroom apartment located inRiding Mill with share of freehold). Throughout our search, we were always looking at properties that had a minimum ninety years remaining. We came across a place we fell in love with and the estate agent promised us that the lease was long albeit not specifying a number. Yesterday our property lawyers advised us the lease only has 59 years and thus requires a lease extension. Should we walk away, or should we negotiate our offer?