Shirebrook Lease Extension - Your Legal Fees Calculator
Common questions relating to Shirebrook Lease Extensions
I am looking for a rough estimate of what a lease extension will cost for a flat I would like to purchase. It has 69 years remaining.
I am considering whether to purchase the freehold or a lease extension of my property in Shirebrook and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously remortgage with Skipton Building Society to free up equity. The adviser dealing with the remortgage suggested I get two quotes : one for the lease extension and one for the freehold purchase .The lease started in 1972 and since then the ground rent has increased from £15.00 per annum to £100 per year.
I will soon 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 downloading a copy of the title I've learnt that it only has seventy nine years outstanding on the lease. It is also a repo so I'm guessing that the lender will not be interested in doing a lease extension. My main concern is would it be difficult to sell on without a lease extension?
I am a FTB of a leasehold flat in Shirebrook. The lease has only seventy eight years balance left and ground rent is £95. Is it possible for the homeowner to serve the Notice of Claim and then transfer over the right to me as the buyer once I complete the buying process 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 may be possible but will it be very time consuming to the vendor? To add to the complexity the landlord can not be found, so I am not sure how does it work.
My mortgage lender requires several hundred pounds for their lawyers to approve the lease extension deed for my flat in Shirebrook... I can find no reference of this in my mortgage literature... is this a usual cost that they charge?
I am considering purchasing an auction property and came upon a two bed flat in Shirebrook. It has just fifty-one year lease..the current owner as mortgagees in possession dont want to mess around with seeking a lease extension..what are the disadvantages of this other than the costly fee to extend the lease and decreased chance of getting a mortgage with Barclays Direct?
I am looking for advice as I am interested in a property that has only a sixety year lease and therefore requires a lease extension. Can I talk with someone to discuss my options please?
I own 70% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around seventy two years. I need a conveyancers at my end. Can you advise please? I live near Shirebrook and have a mortgage with Lloyds TSB Bank.
I own the freehold to two flats. Someone has the lease on the ground flat in Shirebrook. I live in the upper flat. I was reviewing the title deeds recently when I noticed that my flat is leasehold. There is 70 years unexpired. Can one carry out a lease extension without instructing a conveyancing practitioners?
We have a one bed flat in Shirebrook with a lease of 72 years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?