Waddington Lease Extension - Your Legal Fees Calculator
Questions and Answers: Waddington Lease Extensions
I have a lease of 58 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
I bought a garden flat located in Waddington with a leasehold unexpired of 59 years. I am wondering about what I will need to spend to extend my lease term
We are in a block made up four flats in Waddington and have been offered to buy the freehold for 5k 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?
I am looking into the costs of carrying out a lease extension for my studio flat in Waddington, and would like some figures on that.
I intend to buy a one bed flat in Waddington for asking price of 125k, which has 68 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If the freeholder 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?
Me and my OH have been in discussion with our freeholder after having a valuation on our garden flat in Waddington. We have a sixety two year lease and we wish to increase this to 99. The Freeholder has provided 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 the lease extension.
We are worried about obtaining a lease extension from tricky freeholder. Notwithstanding that the legal procedures were followed under the 1993 Act, the landlord still tried to charge ground rent of £250 increasing by 100% every twenty five years of the new lease. Can you assist?
I require an estimate to extend my mum’s lease on a one bedroom apartment in Waddington. She recently got a price from the freeholder for a lease extension but I am far from certain if it is reasonable.
We currently own a ground floor flat in Waddington and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 55 years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Can you offer some advice on this? Should I contact the landlord first and will they be able to give me a cost?
I am currently negotiating a lease extension for my flat in Waddington as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?