Streetly Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Streetly Lease Extensions
I have shares in the freehold of 2 blocks of flats comprising of 8 flats each. 2 of the leasehold owners want a lease extension and I'm wondering about the the process
We have seen a house for sale for £185,000 and we are very keen on but we've just discovered that it is leasehold. There are 798 years remaining so a lease extension is not a worry. 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 owning the property. Any guidance would be much appreciated.
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 have contacted my freeholder for a lease extension for my flat in Streetly. His property lawyers has been in contact with charges etc. I need an estimate for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started November 1986.
I bought a maisonette in Streetly. I am looking to extend lease on the property. It is around eighty years. I would just like to know what your charges are and how long the process takes.
I have my suspicions that my daughter might be having the wool pulled over her eyes. She submitted an offer on a studio flat in Streetly, where the lease is around 72 years but she was advised by the estate agents that the seller had extended it to 99 years. Only now has she been told the seller was waiting for her to appoint lawyers ahead of instigating the lease extension. Sounds odd to me, also it may take a while to sort it all out. What do you think?
We had entered into a purchase of a one bedroom apartment in Streetly. I was assured that the lease had been extended (sixety two years outstanding prior to extension). The sales particulars said "sold with a long lease". It turns out at the point of exchange of contracts we find that the lease has not been extended. The owner supposedly has a quote but no finances to extend as a result the seller wishes to exchange and use the deposit monies to extend the lease. My question is as the lease hasn't been extended is there not a danger that it would breach my lenders lease length criteria?
I am looking to extend the lease on my one bedroom apartment in Streetly I am looking for a local company to calculate the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
I own 50% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around fivety six years. I need a solicitors at my end. Can you advise please? I live near Streetly and have a mortgage with Bank of Ireland.
Me and my husband are in the throws of buying a home (a ground floor flat located inStreetly with share of freehold). Throughout our search, we were always looking at properties that had at least 83 years balance left. We came across a place we liked and the estate agent assured that the lease was long albeit not specifying a number. Today our conveyancing practitioners informed us the lease only has sixety four years and thus requires a lease extension. Do we run away, or should 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?