Sherborne Lease Extension - Your Legal Fees Calculator
Sherborne Lease Extensions Example Support Desk Enquiries
My name´s Jacob. I’m property hunting in Sherborne I'm seeing a ground floor flat online, with around seventy six years outstanding, how much does it cost on average to get a lease extension by, say, ninety years?
This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
I am going to purchase a flat in Sherborne. My offer is subject to the lease extension. The current owner’s lawyers has given to the freeholder the Notice of Claim. 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 Skipton Building Society. Moreover, which are the following lease extension steps to complete the purchase?
I am looking into the costs of carrying out a lease extension for my garden flat in Sherborne, and would like some figures on that.
My mortgage provider requires a £600 fee for their conveyancing practitioners to agree a lease extension for my flat in Sherborne... I can find no reference of this in my mortgage guide... is this a usual charge?
I am a landlord of a block of flats in Sherborne, and the tenants are in the process of being given lease extensions. I should hopefully get the money next week. As I am not on self assessment do I contact the tax authorities ?
My son has a share of freehold, with two other leaseholders in a building in Sherborne. House converted into three apartments. He has a lease, which has about 59 yrs unexpired lease. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
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 extending the lease?
We are are hoping to complete on a one bedroom apartment in Sherborne which has share of freehold and a leasehold. The lease was on the short side so the seller commenced dealing with a lease extension. The vendor has submitted the lease extension paperwork to HMLR. An essential part of the conveyancing process is for our conveyancers to do OS1 search on the property title. The problem here is that as a lease extension has been submitted we've been told by our property lawyers it may not be possible to do this "priority search" right now as the new lease title number is not known. Is it right that we must hold on until the lease extension has actually been registered before completing.?
My wife and I are aware that others in the same building had already had a lease extension, and the freeholder was amenable. It therefore appears worth taking risk of avoiding a formal survey and base the initial offer on previous premiums paid . This would save on double valuation fees. Is this advisable?