Sheffield Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to Sheffield Lease Extensions
I’m about to offer on a maisonette to buy in the Sheffield area and was enquiring what the likely fees would be to extend a lease? It has seventy two years outstanding...
I am looking to purchase a one bedroom second floor purpose built flat in Sheffield with a lease of 57 years but unsure what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
I am looking to either purchase the freehold or a lease extension of my property in Sheffield and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously remortgage with Barnsley Building Society to free up equity. My broker handling the remortgage suggested I get two estimates : one for the lease extension and one for outright purchase .The lease started in 1972 and since then the ground rent has increased from £15.00 per annum to £100 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 obtaining a copy of the title I've learnt that it only has fivety seven years remaining on the lease. It is also a repossession so I'm assuming that the vendor will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?
I am considering purchasing an auction property and found a one bed flat in Sheffield. It only has a 48 year lease..the seller as mortgagees in possession dont want to mess around with negotiating a lease extension..what are the drawbacks of this except for the costly fee to put a new lease on it and decreased chance of getting a mortgage with Barclays ?
My wife and I have owned a leasehold flat for about eighteen years. There are 60 years left on the lease. Following a year of protracted negotiations through my property lawyers and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to LVT and would welcome advice.
My wife and I have been in discussion with our freeholder after having a valuation on our maisonette in Sheffield. We have a fivety six year lease and we wish to increase this to 99. The Freeholder has provided us with a financial figure that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a solicitors to handle this for us. Can you please provide me what your costs would be to act on our behalf.
I note that your website states the likely fee for dealing with a lease extension is £495. Is that the all inclusive cost including vat and the HMLR fee? The premium has already been negotiated with the freeholder for the lease extension for my ground floor flat in Sheffield
I am currently negotiating a lease extension for my flat in Sheffield 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?
We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my two bedroom first floor purpose built maisonette in Sheffield