Recently asked questions relating to St Margarets Lease Extensions

  • My name´s Jamie. I’m flat hunting in St Margarets I'm seeing a three bedroom second floor purpose built flat online, with roughly 71 years left, how much does it cost on average to extend in this location by, say, ninety years?
  • I am looking to extend the lease on my one bed conversion flat in St Margarets which will have fivety eight years remaining in June. What fees do you charge for this?
  • I bought a one bed flat based in St Margarets with a leasehold unexpired of 69 years. I am enquiring about how much it will cost me to extend my lease
  • I am looking to either purchase the freehold or a lease extension of my property in St Margarets and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a get a new mortgage with Nationwide Building Society to release of equity. The adviser handling the remortgage suggested I get two estimates : one for the lease extension and one for the freehold acquisition .The lease started in 1972 and since then the ground rent has been raised from £25.00 per annum to £300 per year.
  • I will soon view a one bedroom flat, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has 76 years balance left 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 primary concern is would the short lease make it difficult to secure a mortgage?
  • I have a share of the freehold. There are three apartments in the building. All the leaseholders are now looking for lease extensions. What's your legal fee?
  • We are looking to extend our lease having owned the place for 2 years as of 11th May 2015. It has nearly 60 years remaining currently. Hoping to get a lease extension with a further 90 years as quickly and stress free as possible.
  • I intend to buy a one bed flat in St Margarets for asking price of 125k, which has seventy seven years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I own a purpose-built flat based in a large block in St Margarets. The leasehold interest in the flat on a 101 year lease started on 30th November 1980 with a set ground rent of £10 per annum. I would like to obtain a lease extension. Can I call someone to go through my options please?
  • I own the freehold reversion of a property in St Margarets and a leaseholder has requested a lease extension. Her valuer has provided a figure of £8,000, but has increased this by £2,000 without too much effort. My surveyor has come back with £12,520. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to tribunal, can I deal with this myself, just armed with the valuations I have? If not, what charges would I be likely to face?
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    Lease Extensions in St Margarets

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