Rise Park Lease Extension - Your Legal Fees Calculator
Sample questions relating to Rise Park Lease Extensions
I am looking at investing in a second home but it has a lease that expires in eighteen years. Its in Rise Park - I wanted to see if with your services it is possible for this to be extended?
I am considering whether to purchase the freehold or a lease extension of my property in Rise Park and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a remortgage with Nottingham Building Society to free up equity. The adviser dealing with the remortgage suggested I get two quotes : one to extend the lease and one for the freehold acquisition .The lease commenced in 1991 and since then the ground rent has been raised from £38.00 per year to £200 per annum.
My husband and I have a leasehold flat in Rise Park with 64 years remaining. Last year we were quoted a deal to receive a lease extension for another fifty years but also increase ground rent from notional 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?
I am looking to buy a one bed flat in Rise Park for asking price of 156k, which has 77 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 question is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
I'm living with my mother and father but have a studio flat in Rise Park let out which has a sixety one year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Rise Park for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Should I keep or sell the flat?
I note that your website states the likely fee for dealing with a lease extension is £495. Is that the all inclusive cost excluding value added tax and the land registry fee? The premium has already been negotiated with the freeholder for the lease extension for my one bed flat in Rise Park
Just a quick question, how much does it cost for a lease extension on a residential property in Rise Park for a three bed flat - section 42 having been issued?
I'm seeking some assistance concerning extending the lease on my maisonette. The intention is to do this next June as we must move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Can you recommend a good property lawyers who specialises in lease extensions. Preferably nearby in Rise Park?
I am currently negotiating a lease extension for my flat in Rise Park 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?
We have a one bedroom apartment in Rise Park with a lease of 77 years left with a value of around £410000 we want to add 90 years to it, how much is that likely to cost?