The Borough Lease Extension - Your Legal Fees Calculator
Common questions relating to The Borough Lease Extensions
I bought a flat in The Borough with a leasehold unexpired circa sixety three years and need a lease extension. Please can you clarify the next steps
I need to extend my current lease can you assist? I think it has 56 years remaining
I have been in touch with my freeholder for a lease extension for my flat in The Borough. Her property lawyers has been in contact regarding costs etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started April 199.
I'm deliberating over purchasing a garden flat (leasehold) but the landlord has been absent for approximately 15yrs. I wonder whether it will be cheaper to try to buy the freehold or to extend lease and apply for right to manage?
I'm looking for an apartment to buy in The Borough and I'm not really familiar with the leasehold title. I've identified a three bed flat I like with a 87 years lease. I've read that I can go for a lease extension after a couple of years, but:- Should I be looking for some caveats that would prevent me for getting a lease extension?
We are proceeding with a purchase of a one bedroom first floor purpose built maisonette in The Borough. I was advised by the EA that the lease extension had already been completed while on a viewing (seventy three years unexpired lease prior to extension). The sales particulars said "sold with a long lease". It turns out as we are about to exchange of contracts we find that there has been no lease extension. The owner apparently has a quote but no finances to extend and consequently the seller wishes to exchange and use the my deposit to extend the lease. My question is why has this only just been brought to my attention by my property lawyers?
I have a flat in The Borough with 57 years remaining on the lease. I am looking for a property lawyers to help me get a lease extension. Can you assist?
We know that others in the same block had already had a lease extension, and the freeholder was amenable. It therefore appears worth taking risk of not having formal valuation and base the initial offer on on the prices by others . This would save on double valuation fees. Is this advisable?
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?
We have a garden flat in The Borough with a lease of sixety two years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?