Waddon Lease Extension - Your Legal Fees Calculator
FAQs concerning Waddon Lease Extensions
40k agreed with the freeholder, just seeking to find a Waddon conveyancing practitioners for a lease extension. Our lease has just under sixety one yrsunexpired lease. Are you willing to help us with this situation ?
I have an interest in the freehold of 2 blocks of flats comprising of 8 flats each. 2 of the leaseholders want to extend their leases and I'm curious about the the process
I am looking at investing in a second home but it has a lease that expires in fifteen years. Its in Waddon - I wanted to see if with your services it is possible for this to be extended?
I am the owner of a maisonnette together with the freehold. My upstairs neighbours have asked to extend the lease what do I need to do?
I am deliberating whether to purchase the freehold or a lease extension of my property in Waddon and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously get a new mortgage with Coventry Building Society to release of equity. My broker dealing with the remortgage suggested I get two estimates : one for the lease extension and one for outright purchase .The lease began in 1972 and since then the ground rent has increased from £25.00 per year to £200 per year.
I will soon view a two bedroom maisonette, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has 62 years outstanding on the lease. It is also a repo so I'm assuming that the vendor will not be interested in doing a lease extension. My main concern is would the short lease make it difficult to secure a mortgage?
My mortgage provider requires a £450 fee for their conveyancers for a "deed of substituted security" for the lease extension for my flat in Waddon... I am unable to find any mention of this in my mortgage literature... is this a standard fee to pay?
My lawyers (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?
I own 70% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 63 years. I need a lawyers at my end. Can you advise please? I live near Waddon and have a mortgage with Birmingham Midshires.
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?