Smithfield Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Smithfield Lease Extensions
I’m about to offer on a a property to purchase in the Smithfield area and was wondering how much would it cost for a lease extension? It has fivety seven years residual lease term...
Hello, I stumbled upon your website. I'm looking for prices on what it cost to extend a lease of a a property in Smithfield. It's on sale at the moment but has slightly more than 65 years of unexpired leasehold
I need to extend my existing lease can you help me with that? My investigation with the Land Registry reveal that it has 68 years remaining
I am about to put an offer in on a one bedroom apartment in Smithfield with a lease of fivety seven years but have no idea how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
My mortgage provider is requesting a £600 fee for their lawyers to approve the lease extension deed for my flat in Smithfield... I can find no mention of this in my mortgage contract... is this a standard fee to pay?
I am thinking about bidding for an auction property and came upon a two bed flat in Smithfield. It only has a 48 year lease..the vendor as mortgagees in possession dont want the aggravation of negotiating a lease extension..what are the disadvantages of this except for the huge fee to extend the lease and decreased chance of getting a mortgage with Nationwide Building Society?
I own 50% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 70 years. I need a lawyers at my end. Can you advise please? I live near Smithfield and have a mortgage with Yorkshire Building Society.
I'm living with my mum and dad but have a one bedroom apartment in Smithfield let out which has a 54 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 Smithfield 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 13k. Not sure sure whether to hold on or sell the flat?
Just been over 2 years that I have been in my studio flat in Smithfield. I have fivety six years outstanding on the lease. I am now wanting to buy a share of freehold or extend my lease. I purchased the property for 350K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my property lawyers about the process, he answered most of my questions but just have one left: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to the tribunal etc)?
My father is aware that others in the same building had already had a lease extension, and the freeholder was reasonable. It therefore appears worth taking risk of not having formal survey and calculate the initial offer on previous prices . This would save on double valuation charges. Would you suggest this course of action?