South Woodford Lease Extension - Your Legal Fees Calculator
Sample questions relating to South Woodford Lease Extensions
Me and my husband are looking for lease extension for our flat in South Woodford and we don't fully understand the communication that we got from our freehold company. Are you able to assist us with this situation?
I have shares in the freehold of 2 blocks of flats comprising of seven flats each. Two of the leaseholders want a lease extension and I'm wondering about the the process
I'm planning to make an offer on a house in South Woodford but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Lloyds TSB Bank giving us the mortgage now?
We have a leasehold flat in South Woodford with 66 years unexpired. Last year we were quoted a deal to receive a lease extension for another thirty years but also increase ground rent from notional to a little more..plus a premium I think of about 16k. We have now decided to proceed but do we now have to start the negotiations again?
If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
Me and my sister are in the throws of buying a home (a studio flat located inSouth Woodford with share of freehold). During our search, we were always looking at flats that had a minimum eighty five years residual lease term. We came across a flat we fell in love with and the selling agent assured that the lease term was not an issue. Today our solicitors informed us the lease only has sixety years and therefore requires a lease extension. Do we run away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
I have sixety nine years remaining on my lease of a ground floor flat in South Woodford, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
I am currently negotiating a lease extension for my flat in South Woodford 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 wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my studio flat in South Woodford
Do you handle lease extensions on land? (a plot of land in South Woodford with 82yrs remaining)