Southwick Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to Southwick Lease Extensions
I am considering investing in a second home but it has a lease that expires in fifteen years. Its in Southwick - I wanted to see if with your services it is possible for this to be extended?
I'm planning to make an offer on a house in Southwick but I'm a little worried 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 The Mortgage Works giving us the mortgage now?
This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
I plan on buying a flat located in Southwick. My offer is subject to the lease extension. The current owner’s conveyancing practitioners has given to the freeholder 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 Nationwide Building Society. Moreover, which are the following lease extension steps to complete the purchase?
I am a first time buyer of a leasehold flat in Southwick. The lease has just 75 years remaining and ground rent is £25. Is it possible for the flat owner to serve the Section 42 Notice and then transfer this right to me as the purchaser on the day of completion so that I don't have to wait for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time costly to the vendor? To add to the complexity it’s the case of an absent freeholder, so I am not sure how does it work.
My brother and I have been in discussion with our freeholder after having a valuation on our garden flat in Southwick. We have a 76 year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a property lawyers to handle this for us. Can you please provide me what your costs would be to act on our behalf.
I am planning on refinancing my studio flat in Southwick and the bank that I am looking to switch to needs a minimum 85 years remaining on the lease in order for them to progress matters. We currently have around 70 years on the leasehold so looking for some help, guidance, and some quotes to get the wheels in motion for a lease extension
I am currently negotiating a lease extension for my flat in Southwick 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?
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 Southwick
We have a ground floor flat in Southwick with a lease of fivety seven years left with a value of around £410000 we want to add 125 years to it, how much is that likely to cost?