Somerton Lease Extension - Your Legal Fees Calculator
Examples of recent questions relating to Lease Extensions in Somerton
I am seeking a lease extension for our two bed flat in Somerton and we are confused by the letter that we received from our freehold company. Are you willing to help us with this situation?
This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
The terms for the lease on my apartment in Somerton are 95 years from 15 Feb 1988. Please give me a quote for a lease extension if I give you more specifics please?
I am looking to either purchase the freehold or a lease extension of my property in Somerton and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a get a new mortgage with Virgin Money to release of equity. My adviser dealing with the remortgage suggested I get two quotes : one for the lease extension and one for outright purchase .The lease commenced in 1991 and since then the ground rent has increased from £38.00 per year to £300 per year.
I have a share of the freehold. There are five flats in the house. All the leaseholders are now requiring lease extensions. What's your legal fee?
My lawyers (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
I'm living with my parents but have a garden flat in Somerton let out which has a seventy eight 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 Somerton 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 19k. Should I keep or sell the flat?
We have been in discussion with our freeholder after having a valuation on our studio flat in Somerton. We have a 57 year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a solicitors to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
It says on your website the likely fee to extend a lease is £495. Is that the total cost excluding vat and the land registry fee? The premium has already been negotiated with the freeholder for the lease extension for my one bed flat in Somerton
We have a ground floor flat in Somerton with a lease of 65 years left with a value of around £370000 we want to add 125 years to it, how much is that likely to cost?