Summertown Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to Summertown Lease Extensions
Hello, I just randomly found your website. I'm looking for prices on what it cost to extend a lease of a one bedroom ground floor purpose built maisonette based in Summertown. It's up for sale at the moment but has circa 58 years left on the lease
I just completed on a property in Summertown and it has roughly 75 years remaining. I'd like to extend the lease period
I am going to purchase a flat based in Summertown. My offer is conditional upon a lease extension. The seller’s solicitors 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 . Moreover, which are the following lease extension steps to complete the purchase?
I need to talk to you about an apartment in Summertown, I am thinking of bidding at auction next week. The flat only has a few years unexpired lease and I am curious about how much it would cost to get a lease extension and for your services.
I am considering purchasing an auction property and came upon a studio flat in Summertown. It has just 50 year lease..the seller as mortgagees in possession dont want to mess around with negotiating a lease extension..what are the drawbacks of this other than the huge fee to extend the lease and reduced chance of obtaining a mortgage with HSBC Bank?
Offer accepted on a a garden flat in Summertown, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer sent through which states the lease as 82 years.Contracts were due to be exchanged within a week. My question is how is possible that the estate agent got it so wrong?
I'm living at mother and father but have a garden flat in Summertown let out which has a 59 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 Summertown 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?
If somebody 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?
I have a flat in Summertown with 59 years remaining on the lease. I am looking for a solicitors to act for me to get a lease extension. Can you assist?
My and my partner know that others in the same block previously had a lease extension, and the landlord was reasonable. Therefore is seems worth taking risk of not having formal valuation and calculate the initial offer on on the prices by others . This would save on double valuation fees. Would you recommend this course of action?