Stourbridge Lease Extension - Your Legal Fees Calculator
Questions and Answers: Stourbridge Lease Extensions
We have seen a house for sale for £215k and we are very keen on but we've just found out that it is leasehold. There are 798 years left so a lease extension is not required. 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 owning the property. Any information would be much appreciated.
I am looking into the costs of carrying out a lease extension for my one bed flat in Stourbridge, and would like some figures on that.
I inherited a maisonette in Stourbridge. I am looking to extend lease on the property. It is roughly 80 years. I would just like to know what your charges are and how long it would take for completion.
I will soon view a one bedroom apartment, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has seventy three years residual lease term on the lease. It is also a repossession so I'm assuming that the vendor will not be interested in extending the lease. My main concern is would the short lease make it difficult to secure a mortgage?
I am a landlord of a block of flats in Stourbridge, and the tenants are in the process of being granted lease extensions. I should hopefully get the money next week. As I am not on self assessment do I get in touch with HMRC ?
I'm living at parents but have a one bedroom apartment in Stourbridge let out which has a sixety five year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Stourbridge for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Not sure sure whether to hold on or sell the flat?
Coming up to two years that I have been in my maisonette in Stourbridge. I have sixety four yrs unexpired lease on the lease. I am now looking either to buy a share of freehold or a lease extension. I acquired the property for 342K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my conveyancers about the process, he answered most of my questions but just have one left: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to the tribunal etc)?
We have been in discussion with our freeholder after having a valuation on our two bedroom second floor purpose built maisonette in Stourbridge. We have a 61 year lease and we wish to increase this to 99. The Freeholder has given us with a premium amount 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 conveyancing practitioners to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
I am currently negotiating a lease extension for my flat in Stourbridge 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?
We have a one bedroom apartment in Stourbridge with a lease of seventy years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?