Shadwell Lease Extension - Your Legal Fees Calculator
Shadwell Lease Extensions Example Support Desk Enquiries
Hi, I am looking somewhere around or in Shadwell 8-10 years lease remaining houses. I dont know if I am on the right site. Can I find lease remaining houses from here?
We have seen a house for sale for £185,000 and we are very interested but we've just found out that it is leasehold. There are 899 years left so a lease extension is not an issue. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any guidance would be much appreciated.
I am looking to either purchase the freehold or a lease extension of my property in Shadwell and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a remortgage with Bank of Ireland to release of equity. My broker handling the remortgage suggested I get two quotes : one to extend the lease and one for outright acquisition .The lease commenced in 1991 and since then the ground rent has been raised from £25.00 per year to £200 per year.
I am a first time buyer of a leasehold flat in Shadwell. The lease has just seventy seven years outstanding and ground rent is £50. Is it possible for the flat owner to serve the Initial Notice and then assign this right to me as the buyer on the day of completion so that I don't have to wait for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the homeowner? Unfortunately it’s the case of an missing freeholder, so I am not sure how does it work.
I have my suspicions that my niece is being hoodwinked. She submitted an offer on a one bed flat in Shadwell, where the lease is nearly fivety six years but she was advised by the selling agents that the current owner had extended it to 125 years. She has now been informed the seller was holding off for her to appoint conveyancers ahead of instigating the lease extension. Sounds underhand, also it may take a while to sort it all out. Am I reading too much into it?
We are proceeding with buying a one bedroom ground floor purpose built maisonette in Shadwell. I was told that the lease had been lengthened (77 years left prior to extension). The sales particulars said "sold with a long lease". It transpires at the point of exchange of contracts we find that the lease has not been extended. The vendor supposedly has a quote but no money to extend as a result the seller wants to exchange and use the deposit monies to extend the lease. My question is how is possible that the estate agent got it so wrong?
My fiance and I are hoping to buy a flat (a one bedroom apartment located inShadwell with share of freehold). Throughout our search, we were always looking at properties that had at least 84 years unexpired. We found a flat we liked and the estate agent promised us that the lease term was not an issue. Yesterday our conveyancers informed us the lease only has seventy three years and therefore requires a lease extension. Do we walk away, or do we negotiate our offer?
I own the freehold reversion of a property in Shadwell and a leaseholder would like a lease extension. Her so called valuation expert has provided a figure of £8,000, but has increased this by £2,000 at the drop of a hat. My surveyor has come back with £12,520. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to a FTT, can I deal with this myself, just equipped with the valuations I have? If not, what charges would I be likely to face?
I am concerned about seeking a lease extension from an objectionable landlord. Even though the correct procedures were followed under the 1993 Act, the landlord still tried to charge ground rent of £300 increasing by 100% every 25 years of the new lease. Can you assist?
I have a lease of 77 years remaining on my flat in Shadwell. 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?