Studley Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Studley Lease Extensions
I am about to put an offer in on a three bed flat in Studley with a lease of seventy years but have no idea what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
I will soon view a one bedroom flat, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has 65 years unexpired on the lease. It is also a repossession so I'm assuming that the lender will not be interested in doing a lease extension. My main concern is would it be difficult to sell on without a lease extension?
What will I need to spend and what is the best way to start the lease extension process? I have just under seventy eight years left on my lease on a ground floor flat in Studley. I have contacted the managing agents who represent the freeholder and they provided me with the number for the valuer. I telephone the surveyor but I am not receiving any kind of reaction.
I am a landlord of a block of flats in Studley, and the leaseholders are in the process of being granted lease extensions. I should hopefully get the money within a month or so. Are there any tax implications, the property is in joint names with my husband ?
I am looking to buy a one bed flat in Studley for asking price of 145k, which has fivety seven years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
If a leaseholder 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 extending the lease?
Me and my partner have been in discussion with our freeholder after having a valuation on our three bedroom second floor purpose built maisonette in Studley. We have a fivety six 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 solicitors to handle this for us. Can you please provide me what your costs would be to act on our behalf.
Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Studley for a two bed flat - sec 42 is already in place?
My and my fiance know that others in the same block had already had a lease extension, and the landlord seemed reasonable. It therefore appears worth taking risk of avoiding a formal valuation and base the initial offer on on the prices by others . This would save on double valuation charges. Would you recommend this course of action?
Are you able to provide an estimate to extend my mum’s lease on a garden flat in Studley. She recently got a figure from the freeholder for a lease extension but I am far from certain if it is too high.