Tiptree Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Tiptree Lease Extensions
My name´s Leon. I’m house hunting in Tiptree I'm seeing a three bed flat online, with slightly more fivety four years remaining, how much will it likely cost to extend in this location by, say, 45 years?
I'm about to make an offer on a house in Tiptree but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Virgin Money giving us the mortgage now?
This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
I'm planning on buying a studio flat (leasehold) but the freeholder has been missing for around 15yrs. My question is would it be less expensive to try to acquire the freehold or to get a lease extension and apply for right to manage?
I'm looking for an apartment to purchase in Tiptree and I'm not really familiar with the leasehold concept. I've found a two bedroom first floor purpose built flat I like with a 90 years lease. My research reveals that I can go for a lease extension after a couple of years, but:- Should I anticipate any issue with the mortgage?
I am a first time buyer of a leasehold flat in Tiptree. The lease has only seventy five years outstanding and ground rent is £75. Is it possible for the current owner to serve the Initial Notice and then assign this right to me as the purchaser on the day of completion so that I can avoid waiting for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time costly to the owner? Unfortunately the freeholder is absent, so I am not sure how does it work.
My partner and I have a ground floor flat in Tiptree with 76 years left. Last year we were quoted a deal to receive a lease extension for a further fifty years but also uplift the ground rent from nominal to £250 per annum..plus a premium I think of about 9k. Finally we have decided to move forward but do we now have to renegotiate?
Coming up to 2 years that I have owned my garden flat in Tiptree. I have fivety seven years remaining on the lease. I am now looking either to buy a share of freehold or extend my lease. I acquired the property for 342K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my conveyancers about the process, he answered most of my questions but just have one left: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process goes to LVT)?
Me and my sister are hoping to acquire a home (a garden flat based inTiptree with share of freehold). During our search, we were always looking at flats that had at least 83 years unexpired. We identified a flat we fell in love with and the selling agent assured that the lease was long albeit not specifying a number. Yesterday our property lawyers informed us the lease only has 71 years and thus needs a lease extension. Should we walk away, or do we reduce our offer?
I own the freehold reversion of a property in Tiptree where the leaseholder has requested a lease extension. Her valuer has provided a figure of £9,000, but has increased this to £10,000 without too much effort. My valuer has recommended a much higher amount. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to a FTT, can I deal with this myself, just armed with the valuations I have? If not, what fee would I be likely to incur?