Stokenchurch Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Stokenchurch Lease Extensions
I am the owner of a maisonnette together with the freehold. The owners of the upstairs flat have asked to extend the lease what do I need to do?
I purchased a one bedroom apartment in Stokenchurch. The lease started in 1991 for 99 years. Now I am wanting to extend the lease. I am unclear about additional expenses, could you tell me please how much I should expect to spend on this?
Is it possible to talk with you about a flat in Stokenchurch, I am thinking of buying at auction in the next few days. The flat only has a few years left and I wanted to inquire about what it would cost to get a lease extension and for your services.
I am looking to either purchase the freehold or a lease extension of my property in Stokenchurch and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously remortgage with HSBC Bank to release of equity. The broker dealing with the remortgage suggested I get two quotes : one to extend the lease and one for the freehold purchase .The lease commenced in 1981 and since then the ground rent has increased from £25.00 per year to £300 per annum.
I wondered if you could help me on the likely cost and the optimum way to start the lease extension process? I have around 77 years remaining and I own a three bedroom ground floor purpose built maisonette in Stokenchurch.
I am concerned that my niece is being hoodwinked. She put in an offer on a one bedroom first floor purpose built flat in Stokenchurch, where the lease is around 78 years but she was advised by the estate agents that the owner had extended it to 125 years. Only now has she been informed the vendor was holding off for her to retain solicitors ahead of instigating the lease extension. Seems odd to me, also it will take a while to sort it all out. Am I reading too much into it?
My mortgage provider is requesting several hundred pounds for their property lawyers for a "deed of substituted security" for the lease extension for my flat in Stokenchurch... I can find no mention of this in my mortgage literature... is this a usual charge?
We wish to extend our lease. We will have been in the apartment for two years as of 13th April 2016. It has about 74 years remaining currently. Hoping to get a lease extension by another 90 years as expeditiously and stress free as is reasonably achievable.
Just been over two years that I have owned my three bed flat in Stokenchurch. I have 68 yrs outstanding on the lease. I am now looking either to buy a share of freehold or a lease extension. I acquired the property for 350K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my lawyers about the process, he answered most of my questions but just have one left: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process goes to the tribunal etc)?
My partner and I are hoping to purchase a home (a garden flat based inStokenchurch with share of freehold). Throughout our search, we were always looking at apartments that had at least eighty five years remaining. We came across a flat we fell in love with and the estate agent assured that the lease term was not an issue. This morning our property lawyers informed us the lease only has fivety nine years and therefore requires a lease extension. Do we run away, or should we negotiate our offer?