Shelfield Lease Extension - Your Legal Fees Calculator
Shelfield Lease Extensions Example Support Desk Enquiries
I acquired a flat in Shelfield with a leasehold unexpired around 61 years and need a lease extension. Please can you clarify the next stages
I am in need of a rough estimate of what a lease extension will cost for a flat I would like to purchase. It has sixety three years residual lease term.
I bought a garden flat in Shelfield. I am looking for a lease extension on the property. It is circa 80 years. I would just like to know what your charges are and how long it would take for completion.
I am deliberating whether to purchase the freehold or a lease extension of my property in Shelfield and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a refinance with Barclays Direct to free up equity. My adviser dealing with the remortgage suggested I get two estimates : one to extend the lease and one for the freehold acquisition .The lease commenced in 1979 and since then the ground rent has increased from £15.00 per annum to £300 per year.
I intend to buy a one bed flat in Shelfield for asking price of 156k, which has sixety nine years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
My conveyancers (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?
Just a quick question, how much does it cost for a lease extension on a residential property in Shelfield for a two bed flat - section 42 is already served?
My wife and I are aware that others in the same building had already had a lease extension, and the landlord was amenable. Therefore is seems worth taking risk of avoiding a formal valuation and base the initial offer on on the premiums paid by others . This would save on double valuation charges. Is this advisable?
We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my three bed flat in Shelfield