St Brides Major Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to St Brides Major Lease Extensions
My name´s Ollie. I’m property hunting in St Brides Major I'm considering offering on a ground floor flat online, with circa 67 years unexpired lease, how much will it likely cost to extend in this area by, say, 25 years?
I acquired a three bedroom first floor purpose built maisonette in St Brides Major. The lease commenced in 1997 for 99 years. Now I am looking for a lease extension. I am unclear about further expenses, could you tell me please how much I should expect to spend on this?
We invested in buying a leasehold with a freeholder who has failed to respond by way of a counter-notice for a lease extension for our flat in St Brides Major and are therefore considering the option of a vesting order. Is this something you can handle for us?
I have my suspicions that my daughter might have had the wool pulled over her eyes. She submitted an offer on a garden flat in St Brides Major, where the lease is approximately 76 years but she was advised by the estate agents that the homeowner had extended it to 99 years. Only now has she been advised the current owner was holding off for her to appoint conveyancers ahead of instigating the lease extension. Seems devious, also it may take months to sort it all out. Am I reading too much into it?
We have a leasehold flat in St Brides Major with 58 years left. Last year we were quoted a deal to receive a lease extension for another thirty years but also increase ground rent from nominal to a little more..plus a premium I think of approximately 14k. We have now decided to go ahead but do we now have to start the negotiations again?
My conveyancing practitioners (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
I would like some advice on leasehold property buying. We intend to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in St Brides Major area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?
If a leaseholder owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in St Brides Major for a one bed flat - sec 42 having been issued?
I am currently negotiating a lease extension for my flat in St Brides Major 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?