Upney Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Upney Lease Extensions
I want to purchase a leasehold property and lease extension. The current owner has been there over 2 years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
We are in a block of three flats in Upney and have been offered to buy the freehold for £3,500 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
In 2012 I purchased a leasehold apartment in Upney. I have built a huge extension and have not informed my freeholder. What are my options?
I am considering buying an auction property and identified a two bed flat in Upney. It only has a fifty year lease..the current owner as mortgagees in possession will not want the aggravation of applying for a lease extension..what are the disadvantages of this other than the huge fee to put a new lease on it and decreased chance of obtaining a mortgage with The Royal Bank of Scotland?
We have a one bedroom flat located in Upney. There is 80 years to run on the lease and we want a lease extension. How much does it cost on average to get a lease extension by, say,35 years
I am planning to get a lease extension and am wondering which step I have to do first, I have been previously advised that I have to have the finances in place before I set the ball rolling, is this correct?
Coming up to 2 years that I have been in my one bedroom apartment in Upney. I have 68 years left on the lease. I am now looking either to purchase a share of freehold or a lease extension. I acquired the property for 350K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my lawyers about the process, he answered most of my questions but just have one left: In terms of surveyors - how do I go about finding one?
Hello I am the freeholder title in a 3 bedroom flat in Upney. The leaseholder has a fivety seven year lease and would like to purchase further 125 years. He is offering me £18,000 but I am unsure if this is too low an offer
We are in the throws of buying a home (a garden flat inUpney with share of freehold). During our search, we were always looking at flats that had at least eighty five years outstanding. We identified a place we liked and the estate agent assured that the lease term was not an issue. Today our solicitors told us the lease only has fivety four years and thus needs a lease extension. Should we run away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my garden flat in Upney