Spalding Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Spalding Lease Extensions
I am looking to purchase a garden flat in Spalding with a lease of 54 years but have no idea what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
I have been in touch with my freeholder for a lease extension for my flat in Spalding. His conveyancing practitioners has been in contact regarding costs etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started December 1987.
We are in a building consisting of five flats in Spalding and have been offered to buy the freehold for 7k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
In 2010 I purchased a leasehold flat in Spalding. I have built a big extension and have not informed my leaseholder. What should I do?
Me and my husband are considering buying a ground floor flat in Spalding which is a leasehold. I am wanting to weigh up the advantages and disadvantages of that - what occurs when lease expires, how much it costs to extend it, can the freeholder of the property evict me from my own flat and prevent me from extending the lease?
I'm living with my parents but have a garden flat in Spalding let out which has a seventy four 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 Spalding 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 21k. Not sure sure whether to hold on or sell the flat?
I do not need a lease extension but I do need a vesting order on a property I want to purchase in Spalding. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1895. Its the garden area.
I'm intent on acquiring an apartment in Spalding at a price of £256,000 the flat has just under 74 years remaining on the lease. I put in an offer subject to the lease being renewed... .. that was back in June, hoping I'd have moved in before now. They have just informed me they are willing to reduce the price by£2k if they don't have to deal with the lease extension. I'm unsure whether that's a good idea
I am currently negotiating a lease extension for my flat in Spalding 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 maisonette in Spalding