Warkworth Lease Extension - Your Legal Fees Calculator
Warkworth Lease Extensions: Q and A’s
I have shares in the freehold of buildings comprising of 8 flats each. Two of the leaseholders want a lease extension and I'm curious about the procedure for this
My wife has an apartment in Warkworth which we are about to put on the market. The leasehold has nearon seventy four years unexpired on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Many thanks.
I want to purchase a leasehold property and extend the lease. The homeowner has been there for three years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
I am looking for a rough estimate of what a lease extension will cost for a flat I would like to buy. It has 77 years balance left.
The terms for the lease on my apartment in Warkworth are 95 years from 1 Feb 1980. Can you supply me me a quote to extend the lease if I give you more information please?
I am thinking about whether to purchase the freehold or a lease extension of my property in Warkworth and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a remortgage with Skipton Building Society to release of equity. The adviser dealing with the remortgage suggested I get two estimates : one for the lease extension and one for the freehold purchase .The lease began in 1979 and since then the ground rent has been raised from £25.00 per annum to £100 per annum.
I have my suspicions that my niece might be having the wool pulled over her eyes. She put in an offer on a studio flat in Warkworth, where the lease is about seventy nine years but she was informed by the selling agents that the homeowner had extended it to 125 years. Only now has she been informed the flat owner was holding off for her to appoint solicitors ahead of instigating the lease extension. Sounds odd to me, also it could take time to sort it all out. Am I being too sceptical?
Me and my wife had entered into buying a maisonette in Warkworth. I was advised by the EA that the lease extension had already been completed while on a viewing (sixety six years unexpired lease prior to extension). The sales particulars stated "sold with a long lease". It turns out at the point of exchange of contracts we find that there has been no lease extension. The current owner supposedly has a quote but no finances to extend as a result the seller intends to exchange and use the my deposit to extend the lease. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?
I am the freeholder of a property in Warkworth and a leaseholder would like 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. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to tribunal, can I handle the matter myself, just equipped with the valuations I have? If not, what fee would I be likely to incur?
My friend is concerned about obtaining a lease extension from tricky freeholder. Even though the correct procedures were followed under the 1993 Act, the freeholder still tried to get ground rent of £300 increasing by 100% every 25 years of the new lease. Can you assist?