Southville Lease Extension - Your Legal Fees Calculator
Sample questions relating to Southville Lease Extensions
I inherited a flat in Southville with a leasehold unexpired roughly 78 years and need a lease extension. Please can you advise me of the next steps
I am going to purchase a flat located in Southville. The offer is subject to the lease extension. The flat owner’s lawyers 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 The Mortgage Works. Moreover, which are the following lease extension steps to complete the purchase?
I am about to view a one bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has 70 years balance left on the lease. It is also a repo so I'm guessing that the bank will not be interested in doing a lease extension. My main concern is would the short lease make it difficult to secure a mortgage?
I'm living with my parents but have a studio flat in Southville let out which has a 74 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 Southville 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?
Me and my sister are are hoping to complete on a one bedroom ground floor purpose built maisonette in Southville which has share of freehold and a leasehold. The lease was on the short side so the vendor is in the process of dealing with a lease extension. The vendor has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the conveyancing process is for our solicitors to do OS1 search on the property title. The problem here is that as a lease extension has been submitted we've been told by our solicitors it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it correct that we must wait pending registration of the new lease?
My fiance and I are hoping to buy a flat (a maisonette located inSouthville with share of freehold). During our search, we were always looking at properties that had a minimum 83 years balance left. We found a apartment we liked and the selling agent promised us that the lease term was not an issue. This morning our property lawyers told us the lease only has 54 years and thus needs a lease extension. Do we run away, or do we reduce our offer?
I know that others in the same building previously had a lease extension, and the freeholder was reasonable. Therefore is seems worth taking risk of not having formal valuation and base the initial offer on on the prices by others . This would save on double valuation charges. Is this advisable?
I was hoping you might be able to tell me the process of how to apply for a lease extension for my garden flat in Southville
Do you handle lease extensions on land? (a plot of land in Southville with 82yrs remaining)
I have a lease of 57 years remaining on my flat in Southville. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?