Street Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Street Lease Extensions
I’m about to offer on a studio flat to buy in the Street area and was enquiring how much would it cost to extend a lease? It has fivety five years left...
I bought a property in Street and it has circa seventy four years unexpired. I'd like to extend the lease period
I am considering investing in a second home but it has a lease that expires in twenty years. Its in Street - I wanted to see if with your services it is possible for this to be extended?
I want to purchase a leasehold property and extend the lease. The homeowner has been there over 2 years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
We have seen a house for sale for £215k and we are very keen on but we've just discovered that it is leasehold. There are 798 years balance left 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 true? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any suggestions would be much appreciated.
I plan on buying a flat based in Street. The offer is conditional upon a lease extension. The owner’s property lawyers has given to the freeholder the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Barclays Direct. Moreover, which are the following lease extension steps to complete the purchase?
I'm living at parents but have a maisonette in Street let out which has a seventy two 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 Street 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 21k. Not sure sure whether to hold on or sell the flat?
Although I do not need a lease extension but I do need a vesting order on a property I want to acquire in Street. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1895. Its the garden area.
We are in the throws of buying a property (a two bedroom first floor purpose built maisonette based inStreet with share of freehold). During our search, we were always looking at flats that had a minimum ninety years remaining. We came across a apartment we liked and the selling agent assured that the lease was long albeit not specifying a number. Yesterday our conveyancing practitioners advised us the lease only has 57 years and thus 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?
We currently own a three bed flat in Street and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has seventy three years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Do you have some advice on this? Do I contact the freeholder first and will they be able to give me a cost?