Spalding Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Spalding Lease Extensions
My name´s Jacob. I’m house hunting in Spalding I'm thinking about offering on a garden flat online, with nearly 76 years left, how much does it cost on average to get a lease extension by, say, ninety years?
I am in need of a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has 58 years remaining.
I am about to view a one bedroom flat, 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 60 years unexpired on the lease. It is also a repossession so I'm assuming that the vendor will not be interested in doing a lease extension. My main concern is would it be difficult to sell on without a lease extension?
I am looking at bidding for an auction property and identified a studio flat in Spalding. It only has a fifty year lease..the current owner as mortgagees in possession will not want the aggravation of applying for a lease extension..what are the drawbacks of this other than the huge fee to put a new lease on it and decreased chance of obtaining a mortgage with Santander?
We have a ground floor flat in Spalding with fivety nine years to run. Ten months ago we were quoted a deal to have a lease extension for a further 25 years but also uplift the ground rent from notional to £200 per year..plus a premium I think of approximately 10k. Finally we have decided to go ahead but do we now have to start the negotiations again?
We wish to extend our lease having owned the property for 2 years as of 1st Feb 2015. It has around 58 years remaining currently. Hoping to get a lease extension by another 90 years as expeditiously and stress free as possible.
My partner and I are proceeding with a purchase of a one bed flat in Spalding. I was advised by the EA that the lease extension had already been completed while on a viewing (63 years outstanding prior to extension). The description on the listing stated "sold with a long lease". It transpires as we are about to exchange of contracts we find that there has been no lease extension. The vendor supposedly has a quote but no finances to extend and consequently the owner wishes to exchange and use the deposit monies for the lease extension. My question is why has this only just been brought to my attention by my conveyancing practitioners?
Just a quick one, how much is the premium payable for a lease extension on a residential property in Spalding for a two bed flat - sec 42 having been issued?
My OH and I are hoping to purchase a home (a garden flat located inSpalding with share of freehold). During our search, we were always looking at flats that had a minimum eighty five years remaining. We found a place we liked and the selling agent assured that the lease was long albeit not specifying a number. Yesterday our solicitors advised us the lease only has 55 years and thus requires a lease extension. Do we walk away, or should we reduce our offer?
I have a lease of 73 years remaining on my flat in Spalding. 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?