Southam Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Southam Lease Extensions
My partner agreed with the landlord for a lease extension on our flat based in Southam, 15k for another 90yrs. How long will it take ?
I need to extend my existing lease can you assist? I think it has sixety five years left
We have seen a house for sale for £195k and we are very interested but we've just found out that it is leasehold. There are 928 years unexpired 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 the house being ours. Any advice would be much appreciated.
I am looking for a conveyancers in Southam and they need to be on the Lloyds TSB Bank approved conveyancers panel as we need a lease extension and refinance simultaneously. Are you able to recommend a solicitors ?
I am going to purchase a flat located in Southam. My offer is conditional upon a lease extension. The seller’s property lawyers has served the Section 42 Notice. 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 Bank of Ireland. Moreover, which are the following lease extension steps to complete the purchase?
My partner and I have owned a leasehold flat for about twenty years. It now has 65 years outstanding on the lease. After a year of difficult negotiations through my conveyancing practitioners and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to a Tribunal and would welcome advice.
If somebody 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 extending the lease?
I have 72 years remaining on my lease of a ground floor flat in Southam, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable
I am currently negotiating a lease extension for my flat in Southam 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?
Do you handle lease extensions on land? (a plot of land in Southam with 82yrs remaining)