Walsingham Lease Extension - Your Legal Fees Calculator
Questions and Answers: Walsingham Lease Extensions
We have just completed on a three bed apartment based inWalsingham and I'm considering extending the lease as soon as practicable e.g. after a couple of years
I would like to have my residential flat leasehold extension premium assessed. The flat is in Walsingham, and my lease will reach sixety four years this March. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
I am looking into the costs of carrying out a lease extension for my studio flat in Walsingham, and would like some figures on that.
We bought a leasehold with a landlord who has not given us a counter-notice for a lease extension for our flat in Walsingham and are therefore considering the option of a vesting order. Is this something you can do for us?
My husband and I had entered into buying a ground floor flat in Walsingham. I was advised by the EA that the lease extension had already been completed while on a viewing (63 years left prior to extension). The description on the listing stated "sold with a long lease". It transpires at the point of exchange of contracts we find that there has been no lease extension. The flat owner apparently has a quote but no finances to extend as a result the seller intends 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 Chelsea Building Society won't lend on a lease?
I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
I'm living with my mother and father but have a one bedroom apartment in Walsingham let out which has a 76 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Walsingham for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Should I keep or sell the flat?
I am planning on refinancing my ground floor flat in Walsingham and the bank that I am looking to move to requires a minimum 80 years on the leasehold of my property in order for them to take the mortgage forward. We currently have around sixety five years on the leasehold so looking for some advice, guidance, and some quotes to start the lease extension process
I have 56 years remaining on my lease of a ground floor flat in Walsingham, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
I am currently negotiating a lease extension for my flat in Walsingham 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?