Summertown and Botley Lease Extension - Your Legal Fees Calculator
Summertown and Botley Lease Extensions Example Support Desk Enquiries
We have just purchased a studio flat based inSummertown and Botley and I'm deliberating a lease extension as soon as possible e.g. after 24 months of ownership
I own a flat in Summertown and Botley with a leasehold unexpired around seventy eight years and need a lease extension. Please can you clarify the next steps
I am deliberating whether to purchase the freehold or a lease extension of my property in Summertown and Botley and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a refinance with Bank of Scotland to release of equity. The adviser dealing with the remortgage suggested I get two quotes : one to extend the lease and one for the freehold purchase .The lease commenced in 1991 and since then the ground rent has been raised from £15.00 per annum to £100 per year.
What will I need to spend and what is the best way to get a lease extension started? I have nearly seventy five years left on my lease on a garden flat in Summertown and Botley. I have emailed the agent who act on behalf of the head landlord and they provided me with the number of the surveyor. I telephone the surveyor but I am not getting any calls back.
I have my suspicions that my daughter might be having the wool pulled over her eyes. She submitted an offer on a one bed flat in Summertown and Botley, where the lease is slightly less 56 years but she was told by the selling agents that the current owner had extended it to 125 years. She has now been advised the current owner was waiting for her to instruct solicitors ahead of instigating the lease extension. Sounds unscrupulous, also it could take a while to sort it all out. Am I being too sceptical?
My wife and I have a residential flat in Summertown and Botley with fivety seven years unexpired. Last year we were quoted a deal to grant a lease extension for a further 25 years but also increase ground rent from notional to £250 per year..plus a premium I think of approximately 14k. We have now decided to go ahead but do we now have to renegotiate?
I am looking to buy a one bed flat in Summertown and Botley for asking price of 145k, which has 69 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Summertown and Botley for a one bed flat - section 42 having been issued?
I am the freeholder of a property in Summertown and Botley where the leaseholder would like a lease extension. Her valuer has suggested a figure of £9,000, but has upped this to £10,000 at the drop of a hat. My surveyor has come back with £12,520. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to tribunal, can I handle the matter myself, just equipped with the valuations I have? If not, what charges would I be likely to incur?
My wife and I are aware that others in the same building had already had a lease extension, and the freeholder seemed reasonable. It therefore appears worth taking risk of avoiding a formal valuation and base the initial offer on previous premiums paid . This would save on double valuation fees. Is this advisable?