Shifnal Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to Shifnal Lease Extensions
I own a flat in Shifnal with a leasehold unexpired around seventy six years and need to extend it. Please can you clarify the next steps
I am considering investing in a second home but it has a lease that expires in eighteen years. Its in Shifnal - I wanted to see if with your services it is possible for this to be extended?
I'm planning to make an offer on a house in Shifnal 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 Britannia giving us the mortgage now?
I am a FTB of a leasehold flat in Shifnal. The lease has only 61 years balance left and ground rent is £75. Is it possible for the homeowner to serve the Notice of Claim and then transfer this right to me as the buyer on the day of completion so that I can avoid waiting for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time consuming to the flat owner? To add to the complexity 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 maisonette in Shifnal, where the lease is approximately sixety one years but she was told by the estate agents that the current owner had extended it to 125 years. She has now been advised the flat owner was waiting for her to instruct lawyers ahead of instigating the lease extension. Sounds devious, also it may take time to sort it all out. Am I reading too much into it?
We are proceeding with a purchase of a ground floor flat in Shifnal. I was advised by the EA that the lease extension had already been completed while on a viewing (fivety six years remaining 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 owner apparently has a quote but no money to extend and consequently the owner wants to exchange and use the my deposit for the lease extension. My question is as the lease hasn't been extended is there not a danger that it would breach my lenders lease length criteria?
I am looking to extend the lease on my one bed flat in Shifnal I am looking for help to verify the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
Just been over 2 years that I have owned my one bed flat in Shifnal. I have 75 yrs left on the lease. I am now looking either to purchase a share of freehold or extend my lease. I purchased the property for 342K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my conveyancing practitioners about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Shifnal based lawyers or any will do fine?
I am currently negotiating a lease extension for my flat in Shifnal 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?
I have a lease of seventy three years remaining on my flat in Shifnal. 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?