Stilton Lease Extension - Your Legal Fees Calculator
Stilton Lease Extensions: Q and A’s
We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 928 years unexpired so a lease extension is not an issue. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any information would be much appreciated.
I would like to have my residential flat leasehold extension premium assessed. The flat is in Stilton, and my lease will reach sixety three years this January. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
The terms for the lease on my flat in Stilton are 99 years from 1 Sep 1990. Please supply me me a quote to extend the lease if I give you more specifics please?
I am looking into the costs of carrying out a lease extension for my GFF in Stilton, and would like some figures on that.
Ref a property in Stilton. lower maisonette. seventy two yrs remaining. I have an agreed lease extension to £12,000 for 135yrs. Freeholder also insisted on Section 42 Notice which I think should not be necessary. Can you assist.
I am hoping to extend the lease on my three bed flat in Stilton I am looking for help to verify the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
Although I do not need a lease extension but I do require a vesting order on a property I want to buy in Stilton. The house is freehold but the garden is officially leasehold, 1000 year lease from 1854. Its the garden area.
If somebody 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?
My fiance and I are buying a studio flat in Stilton which has share of freehold and a leasehold. The lease was starting to get low so the vendor commenced extending the lease. The seller’s lawyer has submitted the lease extension paperwork to HMLR. An essential part of the house buying process is for our conveyancers to do a pre-completion search on the lease. The problem here is that as a lease extension has been submitted we've been told by our solicitors it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it correct that we have to hold on until the new lease is registered?
I am currently negotiating a lease extension for my flat in Stilton 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?