Lease Extensions in Rothbury

Sample questions relating to Rothbury Lease Extensions

My mortgage lender is requesting several hundred pounds for their to agree a lease extension for my flat in Rothbury... I can find no reference of this in my mortgage guide... is this a usual cost that they charge?

I am a landlord of a block of flats in Rothbury, and the leaseholders are in the process of being granted lease extensions. I anticipate receiving the money within a month or so. Are there any tax implications, the property is in joint names with my wife ?

My wife and I have a one bedroom flat based in Rothbury. There is eighty years to run on the lease and we want to extend the lease. What does it cost on average to extend in this location by, say,ninety years

We would like to extend our lease. We will have been in the place for two years as of 22nd Feb 2015. It has slightly more than 66 years remaining currently. Hoping to get a lease extension by another 90 years as expeditiously and stress free as is reasonably achievable.

I am planning to get a lease extension and am wondering which step I have to do first, I have been previously told that I have to have the finances in place before I set the ball rolling, is this correct?

My (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?

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 doing it?

I own the freehold of a couple of flats. Someone has the lease on the lower flat in Rothbury. I live in the top flat. I was looking at the title deeds today when I noticed that my flat has a lease on it. There is 59 years left on the lease. Can one do a lease extension without instructing a ?

My wife and I are aware that others in the same block had already had a lease extension, and the freeholder was reasonable. 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. Would you suggest this course of action?

We currently own a garden flat in Rothbury and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has seventy one years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Can you offer some advice on this? Should I contact the landlord first and will they be able to give me a cost?

Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Rothbury