Slade Green Lease Extension - Your Legal Fees Calculator
Questions and Answers: Slade Green Lease Extensions
I’m just looking for a garden flat to buy in the Slade Green area and was after more information on what the likely fees would be to extend a lease? It has 73 years unexpired...
I am looking for a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has seventy two years outstanding.
I have been in touch with my freeholder for a lease extension for my flat in Slade Green. His conveyancing practitioners has been in contact regarding charges etc. I need an estimate for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started July 1987.
I am going to purchase a flat located in Slade Green. My offer is subject to the lease extension. The flat owner’s solicitors has served the Section 42 Notice. 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 Virgin Money. Moreover, which are the following lease extension steps to complete the purchase?
The intention is to sell our studio flat in Slade Green but we may need a lease extension, or at least cover the costs of our purchaser. Can you suggest a lawyers to undertake the legal formalities?
My co-lessees and I are in a building comprising five flats in Slade Green and have been offered to buy the freehold for £5000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
I am deliberating whether to purchase the freehold or a lease extension of my property in Slade Green and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously remortgage with Birmingham Midshires to free up equity. The adviser handling the remortgage suggested I get two estimates : one for the lease extension and one for outright acquisition .The lease commenced in 1979 and since then the ground rent has increased from £15.00 per year to £200 per year.
I will soon view a two bedroom flat, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has seventy three years residual lease term 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 the short lease make it difficult to secure a mortgage?
We have a ground floor flat in Slade Green with 72 years to run. Last year we were quoted a deal to have a lease extension for a further fifty years but also increase ground rent from notional to a little more..plus a premium I think of approximately 9k. Finally we have decided to proceed but do we now have to start the negotiations again?
I have 79 years remaining on my lease of a ground floor flat in Slade Green, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high