Torrington Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Torrington Lease Extensions
My name´s Samuel. I’m house hunting in Torrington I'm seeing a maisonette online, with about 65 years left, how much does it cost on average to get a lease extension by, say, thirty years?
I am the registered owner of a garden flat located in Torrington with a leasehold unexpired of fivety six years. I am curious about what I will need to spend to extend my lease term
I inherited a one bedroom apartment in Torrington. The start date for the lease was in 1997 for 99 years. Now I am looking to extend the lease. I am in the dark about additional expenses, could you tell me please how much I should expect to spend on this?
I plan on buying a flat in Torrington. My offer is subject to the lease extension. The homeowner’s lawyers has given to the freeholder the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Chelsea Building Society. Moreover, which are the following lease extension steps to complete the purchase?
Me and my sister had entered into a purchase of a garden flat in Torrington. I was advised by the EA that the lease extension had already been completed while on a viewing (66 years unexpired lease prior to extension). The sales particulars said "sold with a long lease". It turns out at the point of exchange of contracts we find that there has been no lease extension. The owner supposedly has a quote but no funds to extend and consequently the flat owner wishes to exchange and use the 10% deposit for the lease extension. My question is why has this only just been brought to my attention by my solicitors?
I intend to buy a one bed flat in Torrington for asking price of 145k, which has fivety six years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If landlord 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?
My conveyancers (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
Coming up to two years that I have been in my one bed flat in Torrington. I have sixety two yrs remaining on the lease. I am now looking either to purchase a share of freehold or extend my lease. I purchased the property for 342K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my solicitors about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?
Although I do not need a lease extension but I do need a vesting order on a property I want to purchase in Torrington. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1889. Its the rear garden.
I have a lease of fivety eight years remaining on my flat in Torrington. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?