South Petherton and Lambrook Lease Extension - Your Legal Fees Calculator
FAQs concerning South Petherton and Lambrook Lease Extensions
Me and my OH are seeking a lease extension for our ground floor flat based in South Petherton and Lambrook and we don't fully comprehend the letter that we got from our freehold company. Are you willing to assist us with this situation?
I want to purchase a leasehold property and extend the lease. The homeowner has been there for three years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
I am in need of a rough estimate of what a lease extension will cost for a flat I would like to buy. It has 71 years unexpired.
We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 798 years remaining so a lease extension is not required. 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 25 years without owning the property. Any guidance would be much appreciated.
I am the registered owner of a ground floor flat in South Petherton and Lambrook. The start date for the lease was in 2001 for 99 years. Now I am looking for a lease extension. I am unclear about further expenses, could you tell me please how much I should expect to spend on this?
I intend to buy a one bed flat in South Petherton and Lambrook for asking price of 156k, which has fivety five years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
We have owned a leasehold flat for approximately twenty years. It now has 67 years remaining on the lease. After a year of difficult negotiations through my solicitors and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to LVT and would appreciate some independent thoughts.
I have fivety six years remaining on my lease of a ground floor flat in South Petherton and Lambrook, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high
I am currently negotiating a lease extension for my flat in South Petherton and Lambrook as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
We have a one bedroom apartment in South Petherton and Lambrook with a lease of 63 years left with a value of around £410000 we want to add 90 years to it, how much is that likely to cost?