Ryhope Lease Extension - Your Legal Fees Calculator
Sample questions relating to Ryhope Lease Extensions
20,000 agreed with the landlord, just seeking to find a Ryhope solicitors for a lease extension. Our lease has around 63 yrsunexpired lease. What's your legal fee ?
I am looking into the costs of carrying out a lease extension for my GFF in Ryhope, and would like some figures on that.
I am deliberating whether to purchase the freehold or a lease extension of my property in Ryhope and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously get a new mortgage with Virgin Money to free up equity. The adviser handling the remortgage suggested I get two estimates : one for the lease extension and one for outright acquisition .The lease started in 1972 and since then the ground rent has increased from £15.00 per year to £125 per annum.
I am about to view a two bedroom maisonette, although not exactly my perfect property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has sixety nine years outstanding on the lease. It is also a repossession so I'm guessing that the lender will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?
My father has a share of freehold, with two other leaseholders in a building in Ryhope. House split into three apartments. He has a lease, which has just under 77 yrs outstanding. How much would it cost for a lease extension and how many years would he need to extend by?
Coming up to 2 years that I have owned my one bedroom apartment in Ryhope. I have 78 years left on the lease. I am now looking either to purchase a share of freehold or extend my lease. I acquired the property for 350K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my lawyers about the process, he answered most of my questions but just have one left: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to the tribunal etc)?
Even though I may not need a lease extension but I do need a vesting order on a property I want to acquire in Ryhope. The house is freehold but the garden is officially leasehold, 995 year lease from 1854. Its the rear garden.
Hi I own the freehold interest in a 2 bedroom flat in Ryhope. The leaseholder has a fivety six year lease and would like to purchase further 90 years. He is offering me £27,000 but I am unsure if this is too low an offer
Me and my fiance are acquiring a two bedroom ground floor purpose built maisonette in Ryhope which has share of freehold and a leasehold. The lease was starting to get low so the vendor commenced dealing with a lease extension. The vendor has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the conveyancing process is for our conveyancers to do OS1 search on the lease. The problem here is that as a lease extension has been submitted we've been told by our conveyancing practitioners it may not be possible to do this "priority search" right now as the new lease title number is not known. Is it correct that we have to hold on pending registration of the new lease?
Me and my OH are in the throws of buying a property (a one bedroom apartment inRyhope with share of freehold). Throughout our search, we were always looking at properties that had a minimum eighty five years unexpired. We identified a apartment we liked and the estate agent assured that the lease term was not an issue. This morning our solicitors advised us the lease only has 65 years and thus needs a lease extension. Do we run away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?