Shrewsbury Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Shrewsbury Lease Extensions
I own a leasehold flat in the Shrewsbury area and was curious if I could obtain a lease extension. What are your processes and charges. Has 58 years remaining
We have seen a house for sale for £215k and we are very interested but we've just discovered that it is leasehold. There are 899 years unexpired so a lease extension is not an issue. 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 true? We wouldn't want to pay a mortgage for twenty years without owning the property. Any guidance would be much appreciated.
I am a first time buyer of a leasehold flat in Shrewsbury. The lease has just fivety five years residual lease term and ground rent is £25. Is it possible for the current owner to serve the Section 42 Notice and then assign this right to me as the purchaser once I complete the buying process so that I don't have to wait for the 2 year requisite 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 costly to the flat owner? Unfortunately the freeholder is absent, so I am not sure how does it work.
My mortgage provider requires several hundred pounds for their conveyancers to agree a lease extension for my flat in Shrewsbury... I am unable to find any reference of this in my mortgage literature... is this a usual cost that they charge?
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?
I note that your website states the likely fee to extend a lease is £495. Is that the total cost excluding vat and the HMLR fee? The premium has already been negotiated with the freeholder for the lease extension for my maisonette in Shrewsbury
I own the freehold reversion of a property in Shrewsbury where the leaseholder has requested a lease extension. Her so called valuation expert has provided a figure of £8,000, but has upped this by £2,000 without too much effort. My surveyor has suggested a much higher amount. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to tribunal, can I handle the matter myself, just equipped with the valuations I have? If not, what costs would I be likely to face?
I'm looking for some assistance with regard to a lease extension on my maisonette. The intention is to do this sometime next year as we have to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. Should I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?
I am currently in the process of refinancing my one bedroom apartment in Shrewsbury and the mortgage company that I am looking to switch to requires at least 85 years on the leasehold of my property in order for them to progress matters. We currently have around sixety five years on the leasehold so looking for some advice, guidance, and some quotes to set the wheels in motion for a lease extension
I was hoping you might be able to tell me the process of how to apply for a lease extension for my three bedroom ground floor purpose built flat in Shrewsbury