Salford Lease Extension - Your Legal Fees Calculator
FAQs concerning Salford Lease Extensions
I am going to purchase a flat in Salford. The offer is subject to the lease extension. The homeowner’s conveyancers has given to the freeholder the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Clydesdale. Moreover, which are the following lease extension steps to complete the purchase?
I have my suspicions that my daughter is being hoodwinked. She submitted an offer on a garden flat in Salford, where the lease is around sixety two years but she was told by the estate agents that the owner had extended it to 99 years. She has now been informed the seller was waiting for her to appoint conveyancers ahead of instigating the lease extension. Seems underhand, also it may take a while to sort it all out. What do you think?
I am a landlord of a block of flats in Salford, and the tenants are in the process of being granted lease extensions. I anticipate receiving funds next month. As I am not on self assessment do I contact the Inland Revenue ?
Offer accepted on a a studio flat in Salford, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer in writing through the post which states the lease as 85 years.Contracts were due to be exchanged in a couple of days. My query is how is possible that the estate agent got it so wrong?
I am looking to extend the lease on my one bedroom second floor purpose built maisonette in Salford I am looking for a local company to calculate the premium. I have a quote from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.
I own 50% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 67 years. I need a property lawyers at my end. Can you advise please? I live near Salford and have a mortgage with Skipton Building Society.
I'm living with my parents but have a three bedroom second floor purpose built flat in Salford let out which has a sixety five 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 Salford 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. Not sure sure whether to hold on or sell the flat?
My nephew is concerned about seeking a lease extension from a difficult landlord. Even though the correct procedures were followed under the appropriate legislation, the landlord still tried to get ground rent of £200 increasing by 100% every twenty years of the new term. Can you help?
I am planning on refinancing my studio flat in Salford and the next lender that I am looking to move to needs at least 85 years on the leasehold of my property in order for them to take the mortgage forward. We currently have around sixety six years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process
I am currently negotiating a lease extension for my flat in Salford 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?