Solihull Lease Extension - Your Legal Fees Calculator
Questions and Answers: Solihull Lease Extensions
I need to extend my existing lease can you assist? I think it has 54 years balance left
I am going to purchase a flat located in Solihull. My offer is subject to the lease extension. The homeowner’s conveyancers has served the Notice of Claim. 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 Aldermore. Moreover, which are the following lease extension steps to complete the purchase?
I'm considering purchasing a studio flat (leasehold) but the freeholder has been absent for nearon 15yrs. I wonder whether it will be cheaper to try to acquire the reversionary title or to extend lease and apply for right to manage?
I am a first time buyer of a leasehold flat in Solihull. The lease has only 56 years residual lease term and ground rent is £25. Is it possible for the seller to serve the Notice of Claim and then assign over the right to me as the buyer once I complete the buying process so that I don't have to wait for the two 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 may be possible but will it be very time consuming to the seller? Unfortunately the landlord can not be found, so I am not sure how does it work.
I intend to buy a one bed flat in Solihull for asking price of 145k, which has 55 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
I would like some guidance on purchasing a leasehold residence. We intend to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Solihull area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?
Just been over 2 years that I have owned my three bedroom first floor purpose built flat in Solihull. I have fivety four yrs left on the lease. I am now wanting to purchase a share of freehold or a lease extension. I purchased the property for 350K, 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: In terms of surveyors - how do I go about finding one?
Hello I am the freeholder title in a one bedroom flat in Solihull. The leaseholder has a fivety five year lease and would like to purchase further 90 years. He is offering me £27,000 but I am unsure if this is too low an offer
I'm intent on acquiring a flat in Solihull valued at £195,000 the flat has approaching 61 years left on the lease. I put in an offer conditional upon the lease being renewed... .. that was back in September, hoping I'd have completed by Christmas. The owner has just informed the agent they are willing to knock £3k off if I deal with the lease extension myself. I'm unsure if I should take them up on the offer
I am the freeholder of a property in Solihull where the leaseholder would like a lease extension. Her so called valuation expert has provided a figure of £8,000, but has upped this by £2,000 at the drop of a hat. My valuer has suggested a much higher amount. Negotiations have broken down so it looks at though we need 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?