St Bees Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to St Bees Lease Extensions
I acquired a garden flat in St Bees that I am now unable to sell due to the lease requiring a lease extension. What's your solicitors fee ?
My name´s Stanley. I’m house hunting in St Bees I'm seeing a two bedroom ground floor purpose built flat online, with nearly 56 years unexpired lease, how much does it cost on average to get a lease extension by, say, 45 years?
I want to acquire a leasehold property and extend the lease. The seller has been there over 2 years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
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?
Is it possible to talk with you about an apartment in St Bees, I am thinking of buying at auction in the next few days. The flat has a short lease and I am curious about what it would cost to get a lease extension and for your services.
I am a first time buyer of a leasehold flat in St Bees. The lease has just seventy seven years residual lease term and ground rent is £25. Is it possible for the flat owner to serve the Notice of Claim and then transfer this right to me as the purchaser once I complete the buying process so that I don't have to wait for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time costly to the flat owner? Unfortunately the freeholder can not be found, so I am not sure how does it work.
I am considering buying an auction property and found a two bed flat in St Bees. It only has a 50 year lease..the vendor being mortgagees in possession dont want to mess around with seeking a lease extension..what are the disadvantages of this except for the costly fee to extend the lease and decreased chance of obtaining a mortgage with Leeds Building Society?
I am in need of some help with a lease extension. I live in Dublin but the property in question is based in St Bees. I would be grateful if you can give me a call when you get a chance to discuss the case.
I'm looking at buying a flat in St Bees at a price of £256,000 the flat has just under seventy eight years unexpired on the lease. I put in an offer conditional upon a lease extension... .. that was back in November, expecting I'd have completed by now. They have just informed the agent they are willing to reduce the price by£8k if they don't have to deal with the lease extension. I'm unsure if I should take them up on the offer
I am currently negotiating a lease extension for my flat in St Bees 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?