Southwater Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Southwater Lease Extensions
We have seen a house for sale for £185,000 and we are very interested but we've just discovered that it is leasehold. There are 928 years remaining so a lease extension is not a concern. 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 correct? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any advice would be much appreciated.
How much will it cost me and what is the best way to get a lease extension started? I have approximately sixety four years outstanding on my lease on a garden flat in Southwater. I have called the agent who act on behalf of the freeholder and they provided me with the number of the valuer. I have contacted the surveyor but I am not getting any kind of reaction.
My mortgage lender requires a £500 fee for their solicitors to approve the lease extension deed for my flat in Southwater... I am unable to find any mention of this in my mortgage contract... is this a standard fee to pay?
Regarding a property in Southwater. GFF maisonette. 76 yrs remaining. I have negotiated a lease extension price of £12,000 for 125yrs. Freeholder also requested Initial Notice which I think should not be required. Advice required.
My husband and I have a residential flat in Southwater with 74 years left. Ten months ago we were quoted a deal to receive a lease extension for another 25 years but also uplift the ground rent from nominal to a little more..plus a premium I think of about 16k. We have now decided to move forward but do we now have to start the negotiations again?
I am planning to get a lease extension and am wondering what step I have to do first, I have been previously advised that I have to have the finances in place before I set the ball rolling, is this correct?
My nephew has a share of freehold, with two other leaseholders in a building in Southwater. House divided into three flats. He has a lease, which has nearon 74 years remaining. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
I own 50% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 63 years. I need a conveyancers at my end. Can you advise please? I live near Southwater and have a mortgage with The Mortgage Works.
It says on your website the likely fee for dealing with a lease extension is £495. Is that the all inclusive cost including vat and the land registry fee? The premium has already been agreed with the freeholder for the lease extension for my studio flat in Southwater
I'm looking at acquiring an apartment in Southwater at a price of £256,000 the flat has just under 57 years unexpired on the lease. I put in an offer conditional upon a lease extension... .. that was back in June, hoping I'd have moved in by Christmas. The owner has just informed me that they are prepared to reduce the price by£2k if they don't have to deal with the lease extension. I'm not sure whether that's a good idea