The Borough Lease Extension - Your Legal Fees Calculator
The Borough Lease Extensions: Q and A’s
My name´s Tyler. I’m flat hunting in The Borough I'm thinking about offering on a studio flat online, with approximately 56 years remaining, how much will it likely cost to get a lease extension by, say, fifty years?
Hello, I just randomly found your site. I'm seeking prices on what a lease extension will cost for a one bed flat located in The Borough. It's on the market at the moment but has around 57 years of unexpired leasehold
We have seen a house for sale for £215k and we are very interested but we've just found out that it is leasehold. There are 798 years residual lease term so a lease extension is not required. 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 feedback would be much appreciated.
We are in a building consisting of four flats in The Borough and have been offered to buy the freehold for £3,500 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
Is it possible to talk with you about a flat in The Borough, I am considering bidding at auction next week. The flat has a short lease and I was wondering about how much it would cost to get a lease extension and for your services.
My brother has a share of freehold, with two other leaseholders in a building in The Borough. House converted into three flats. He has a lease, which has slightly more than sixety nine yrs unexpired lease. 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 am the freeholder of a 1930’s property split into two apartments. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 56 years. What are my next steps?
Me and my partner have been in discussion with our freeholder after having a valuation on our studio flat in The Borough. We have a 78 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 conveyancers to handle this for us. Can you please provide me what your costs would be to act on our behalf.
I have 74 years remaining on my lease of a ground floor flat in The Borough, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
I am currently negotiating a lease extension for my flat in The Borough 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?