Ulceby Lease Extension - Your Legal Fees Calculator
Questions and Answers: Ulceby Lease Extensions
My name´s Riley. I’m house hunting in Ulceby I'm deliberating offering on a one bed flat online, with around 69 years unexpired lease, how much does it cost on average to get a lease extension by, say, twenty years?
My mortgage provider requires several hundred pounds for their lawyers to agree a lease extension for my flat in Ulceby... I can find no mention of this in my mortgage guide... is this a usual charge?
I am considering purchasing an auction property and found a studio flat in Ulceby. It only has a fifty-one year lease..the current owner being mortgagees in possession will not want the aggravation of negotiating a lease extension..what are the disadvantages of this other than the expensive fee to put a new lease on it and decreased chance of getting a mortgage with Britannia?
Re a residence in Ulceby. GFF maisonette. 63 yrs remaining. I have an agreed lease extension to £20k for 115yrs. Freeholder also insisted on Notice of Claim which I think should not be necessary. Advice required.
My husband and I are proceeding with buying a garden flat in Ulceby. I was advised by the EA that the lease extension had already been completed while on a viewing (59 years remaining prior to extension). The description on the listing said "sold with a long lease". It transpires at the point of exchange of contracts we find that the lease has not been extended. The owner apparently has a quote but no money to extend as a result the homeowner wishes to exchange and use the deposit monies for the lease extension. My question is as the lease hasn't been extended is there not a danger that Santander won't lend on a lease?
I am in need of a lease extension for my flat in Ulceby and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
If a leaseholder owns a flat with a lease of under 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?
I note that your website states the likely fee for dealing with a lease extension is £495. Is that the all inclusive cost excluding vat and the HMLR fee? The price has already been negotiated with the freeholder for the lease extension for my maisonette in Ulceby
I own the freehold reversion of a property in Ulceby and a leaseholder has requested a lease extension. Her valuer has provided a figure of £8,000, but has upped this by £2,000 at the drop of a hat. My valuer has come back with £12,520. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to tribunal, can I handle the matter myself, just armed with the valuations I have? If not, what charges would I be likely to face?
We have a garden flat in Ulceby with a lease of sixety seven years left with a value of around £370000 we want to add 90 years to it, how much is that likely to cost?