Stocksfield Lease Extension - Your Legal Fees Calculator
Questions and Answers: Stocksfield Lease Extensions
I have an interest in the freehold of buildings comprising of seven flats each. 2 of the leaseholders want to extend their leases and I'm enquiring about the procedure for this
I am looking to extend the lease on my one bedroom apartment in Stocksfield which will have 57 years unexpired lease in January. What fees are applicable?
I am considering investing in a holiday home but it has a lease that expires in twenty years. Its in Stocksfield - I wanted to see if with your services this could be extended?
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?
I'm planning on buying a one bedroom apartment (leasehold) but the freeholder has been missing for roughly 15yrs. I wonder whether it will be cheaper to try to purchase the freehold or to get a lease extension and apply for RTM?
I am looking to either purchase the freehold or a lease extension of my property in Stocksfield and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a refinance with Leeds Building Society to release of equity. The broker handling the remortgage suggested I get two quotes : one to extend the lease and one for the freehold purchase .The lease started in 1972 and since then the ground rent has been raised from £38.00 per year to £100 per annum.
I am a FTB of a leasehold flat in Stocksfield. The lease has just 73 years remaining and ground rent is £95. Is it possible for the current owner to serve the Initial Notice and then assign this right to me as the purchaser once I complete the buying process so that I can avoid waiting for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time consuming to the flat owner? To add to the complexity the freeholder can not be found, so I am not sure how this will play out.
My husband and I have been in discussion with our freeholder after having a valuation on our ground floor flat in Stocksfield. We have a 75 year lease and we wish to increase this to 99. The Freeholder has provided us with a financial figure that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a lawyers to handle this for us. Can you please provide me what your costs would be to act on our behalf.
We are hoping to purchase a property (a studio flat located inStocksfield with share of freehold). Throughout our search, we were always looking at flats that had at least eighty five years outstanding. We came across a apartment we liked and the estate agent assured that the lease term was not an issue. Yesterday our property lawyers advised us the lease only has 75 years and therefore requires a lease extension. Do we walk away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
I am worried about seeking a lease extension from tricky landlord. Notwithstanding that the legal procedures were followed under the appropriate legislation, the landlord still attempted to charge ground rent of £200 increasing by 100% every twenty years of the new lease. Can you help?