Swanage Lease Extension - Your Legal Fees Calculator
Swanage Lease Extensions: Q and A’s
Think I may have made a mistake, I am actually looking for a conveyancing practitioners in Swanage who has Leasehold Tribunal expertise when it comes to lease extensions. Are you able to help me with?
How much will I need to spend and what is the best way to get a lease extension started? I have around sixety one years outstanding on my lease on a maisonette in Swanage. I have called the agent who act on behalf of the freeholder and they sent me the number of the surveyor. I left a phone message for the surveyor but I am not getting any returned calls.
I am thinking about purchasing an auction property and found a studio flat in Swanage. It has just 41 year lease..the current owner being mortgagees in possession will not want to mess around with negotiating a lease extension..what are the disadvantages of this except for the huge fee to extend the lease and reduced chance of obtaining a mortgage with Britannia?
We have a residential flat in Swanage with seventy six years to run. Ten months ago we were quoted a deal to have a lease extension for a further 25 years but also uplift the ground rent from nominal to a little more..plus a premium I think of about 9k. Finally we have decided to move forward but do we now have to renegotiate?
My son has a share of freehold, with two other leaseholders in a building in Swanage. House split into three apartments. He has a lease, which has around seventy four years left. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
I'm living with my mum and dad but have a garden flat in Swanage let out which has a sixety 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 Swanage 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 13k. Should I keep or sell the flat?
Me and my partner are hoping to acquire a flat (a three bed flat located inSwanage with share of freehold). Throughout our search, we were always looking at flats that had at least ninety years left. We identified a place we fell in love with and the estate agent assured that the lease was long albeit not specifying a number. This morning our solicitors advised us the lease only has sixety four years and therefore requires a lease extension. Should 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?
I am the freeholder of a property in Swanage and a leaseholder would like a lease extension. Her valuer has given a figure of £9,000, but has increased this to £10,000 without too much effort. My surveyor has recommended a much higher premium. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to tribunal, can I handle the matter myself, just armed with the valuations I have? If not, what fee would I be likely to incur?
I am currently negotiating a lease extension for my flat in Swanage as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
Do you handle lease extensions on land? (a plot of land in Swanage with 82yrs remaining)