Sherborne Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Sherborne Lease Extensions
I am thinking about a lease extension for our two bed flat based in Sherborne and we don't fully comprehend the letter that we received from our freehold company. How long will it take?
I'm intending to make an offer on a house in Sherborne but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Lloyds TSB Bank giving us the mortgage now?
We have seen a house for sale for £195k and we are very keen on but we've just found out that it is leasehold. There are 899 years unexpired so a lease extension is not a worry. 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 twenty years without the house being ours. Any suggestions would be much appreciated.
My co-lessees and I are in a building made up three flats in Sherborne and have been offered to buy the freehold for £6000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
I am about to view a two bedroom apartment, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has 60 years balance left on the lease. It is also a repossession so I'm assuming that the vendor will not be interested in extending the lease. My primary concern is would it be difficult to sell on without a lease extension?
I own a share of the freehold. There are four apartments in the block. All the leaseholders are now looking for lease extensions. How long will take to get a lease extension?
If a leaseholder owns a flat with a lease of less than 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?
I have a flat in Sherborne with seventy three years left on the lease. I need a conveyancers to act for me to achieve a lease extension. Can you help?
We are concerned about seeking a lease extension from tricky freeholder. Notwithstanding that the legal procedures were followed under the appropriate legislation, the freeholder still attempted to get ground rent of £250 increasing by 100% every twenty five years of the new lease. Can you assist?
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 second floor purpose built maisonette in Sherborne