Shirley Lease Extensions

Common questions relating to Shirley Lease Extensions

My wife agreed with the freeholder for a lease extension on our flat based in Shirley, 6.5k for an additional 90yrs. How long is the process ?

I’m about to offer on a three bed flat to purchase in the Shirley area and was after more information on how much would it cost to extend a lease? It has sixety six years outstanding...

We have seen a house for sale for £185,000 and we are very interested but we've just discovered that it is leasehold. There are 798 years left so a lease extension is not a concern. 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 25 years without owning the property. Any help would be much appreciated.

Do you only advise on lease extensions in Shirley? I own a flat in Abbey Wood with 90 years outstanding, I am looking for a quote from a property lawyers.

I bought a ground floor flat in Shirley. The lease started in 1997 for 99 years. Now I am wanting for a lease extension. I am not entirely sure about additional expenses, could you tell me please how much I should expect to spend on this?

Think I may have made an error, I am searching for a property lawyers in Shirley who has Leasehold Tribunal expertise in relation to lease extensions. Is this something you can assist me with?

I am a landlord of a block of flats in Shirley, and the tenants are in the process of being granted lease extensions. I should hopefully get funds next month. Are there any tax implications, the property is co-owned with my wife ?

I'm living at mum and dad but have a two bedroom first floor purpose built flat in Shirley let out which has a sixety nine year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Shirley for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Should I keep or sell the flat?

Just been over 2 years that I have owned my ground floor flat in Shirley. I have 63 yrs outstanding on the lease. I am now looking either to buy a share of freehold or a lease extension. I acquired the property for 342K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my solicitors about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Shirley based lawyers or any will do fine?

My sister is aware that others in the same building previously had a lease extension, and the freeholder was reasonable. It therefore appears worth taking risk of not having formal valuation and calculate the initial offer on previous premiums paid . This would save on double valuation charges. Is this advisable?

Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Shirley