Trimdon Lease Extension - Your Legal Fees Calculator
Questions and Answers: Trimdon Lease Extensions
I inherited a studio flat based in Trimdon with a leasehold unexpired of seventy two years. I am enquiring about how much it will cost me to extend my lease term
The intention is to sell our garden flat in Trimdon but we may need a lease extension, or possibly cover the costs of our buyers. Are you able to help me find someone to assist?
Possibly made a mistake, I am searching for a conveyancers in Trimdon who has Leasehold Tribunal expertise in relation to lease extensions. Are you able to assist me with?
I am looking to either purchase the freehold or a lease extension of my property in Trimdon and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a refinance with Bank of Ireland to free up equity. The adviser dealing with the remortgage suggested I get two estimates : one to extend the lease and one for outright purchase .The lease started in 1991 and since then the ground rent has increased from £15.00 per year to £300 per year.
I am a first time buyer of a leasehold flat in Trimdon. The lease has only fivety nine years residual lease term and ground rent is £75. Is it possible for the current owner to serve the Section 42 Notice and then transfer over the right to me as the purchaser on the day of completion so that I don't have to wait for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time consuming to the owner? To add to the complexity it’s the case of an absent freeholder, so I am not sure how this will play out.
I am thinking about acquiring an auction property and identified a studio flat in Trimdon. It only has a 48 year lease..the vendor as mortgagees in possession dont want the aggravation of seeking a lease extension..what are the disadvantages of this except for the expensive fee to extend the lease and reduced chance of getting a mortgage with Britannia?
Offer accepted on a a garden flat in Trimdon, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer come through which states the lease as 82 years.We are about to exchange contracts within a week. My question is how is possible that the estate agent got it so wrong?
I would like some help on leasehold property buying. We plan to buy a link detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Trimdon area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
If a leaseholder owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
Me and my OH have been in discussion with our freeholder after having a valuation on our maisonette in Trimdon. We have a 57 year lease and we wish to increase this to 99. The Freeholder has supplied us with a financial figure that he 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 lawyers to handle this for us. Can you please provide me what your costs would be to act on our behalf.