Stoke Newington Lease Extension - Your Legal Fees Calculator
Questions and Answers: Stoke Newington Lease Extensions
I am looking to either purchase the freehold or a lease extension of my property in Stoke Newington and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a get a new mortgage with Santander to release of equity. My broker dealing with the remortgage suggested I get two estimates : one to extend the lease and one for outright purchase .The lease started in 1981 and since then the ground rent has been raised from £25.00 per year to £100 per annum.
I'm looking for an apartment to purchase in Stoke Newington and I'm not really familiar with the leasehold concept. I've found a one bedroom apartment I like with a 82 years lease. My research reveals that I can go for a lease extension after a couple of years, but:- Is this a given?
I wondered if you could help me on the likely charges and the best way to get a lease extension started? I have around seventy four years left and I own a three bed flat in Stoke Newington.
Ref a residence in Stoke Newington. GFF maisonette. 77 yrs unexpired. I have an agreed lease extension to £12,000 for 125yrs. Landlord also requested Section 42 Notice which I think should not be necessary. Can you assist.
We have a one bedroom flat based in Stoke Newington. There is 81 years unexpired on the lease and we want a lease extension. How much will it likely cost to extend in this location by, say,35 years
We are proceeding with a purchase of a three bedroom ground floor purpose built maisonette in Stoke Newington. I was advised that the lease had been lengthened (56 years remaining prior to extension). The description on the listing said "sold with a long lease". It transpires as we are about to exchange of contracts we find that the lease has not been extended. The current owner apparently has a quote but no finances to extend and consequently the owner intends to exchange and use the deposit monies for the lease extension. My question is how is possible that the estate agent got it so wrong?
My partner and I have owned a leasehold flat for about twenty years. It now has 56 years remaining on the lease. After a year of difficult negotiations through my solicitors and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to LVT and would appreciate some independent thoughts.
I am the freeholder of a Victorian property split into two apartments. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current sixety three years. What are my next steps?
If somebody owns a flat with a lease of under 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 OH and I are are hoping to complete on a one bedroom apartment in Stoke Newington which has share of freehold and a leasehold. The lease was on the short side so the vendor commenced extending the lease. The owner has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our lawyers to do OS1 search on the lease. The problem here is that as a lease extension has been submitted we've been told by our lawyers it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it right that we must be patient until the new lease is registered?