Rossington Lease Extension - Your Legal Fees Calculator
Rossington Lease Extensions: Q and A’s
My name´s Ali. I’m property hunting in Rossington I'm seeing a garden flat online, with roughly 79 years outstanding, how much will it likely cost to extend in this location by, say, 35 years?
I am looking at investing in a holiday home but it has a lease that expires in twenty years. Its in Rossington - I wanted to see if with your services it is possible for this to be extended?
I'm wanting to make an offer on a house in Rossington but I'm a little worried 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?
Think I may have made a mistake, I am searching for a lawyers in Rossington who has Leasehold Tribunal expertise in relation to lease extensions. Is this something you can assist me with?
I am looking to either purchase the freehold or a lease extension of my property in Rossington 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 Accord Mortgages Ltd to free up equity. My broker handling the remortgage suggested I get two estimates : one to extend the lease and one for outright acquisition .The lease started in 1979 and since then the ground rent has increased from £15.00 per year to £125 per annum.
My brother and I had entered into buying a three bedroom second floor purpose built maisonette in Rossington. I was assured that the lease had been extended (64 years left prior to extension). The description on the listing said "sold with a long lease". It turns out as we are about to exchange of contracts we find that there has been no lease extension. The seller apparently has a quote but no money to extend and consequently the flat owner wants to exchange and use the 10% deposit for the lease extension. My question is as the lease hasn't been extended is there not a danger that Accord Mortgages Ltd won't lend on a lease?
Me and my OH are hoping to buy a home (a garden flat inRossington with share of freehold). Throughout our search, we were always looking at flats that had at least ninety years left. We identified a flat we liked and the selling agent assured that the lease term was not an issue. Today our conveyancing practitioners informed us the lease only has 54 years and therefore needs a lease extension. Do we run away, or should we reduce our offer?
My father is aware that others in the same block had already had a lease extension, and the landlord was amenable. It therefore appears worth taking risk of not having formal survey and calculate the initial offer on previous prices . This would save on double valuation fees. Is this advisable?
I am currently negotiating a lease extension for my flat in Rossington 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?
I have a lease of seventy eight years remaining on my flat in Rossington. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?