West Smithfield Lease Extension - Your Legal Fees Calculator
Sample questions relating to West Smithfield Lease Extensions
I'm intending to make an offer on a house in West Smithfield but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Skipton Building Society giving us the mortgage now?
I would like to have my residential flat leasehold extension premium valued. The flat is in West Smithfield, and my lease will reach 69 years this June. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the Tribunal court?
I plan on buying a flat located in West Smithfield. The offer is subject to the lease extension. The homeowner’s property lawyers has served the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender National Westminster Bank. Moreover, which are the following lease extension steps to complete the purchase?
I'm deliberating over purchasing a garden flat (leasehold) but the freeholder has been missing for just over 15yrs. My query is would it be less expensive to try to buy the reversionary title or to get a lease extension and apply for right to manage?
Me and my partner are considering buying a garden flat in West Smithfield which is a leasehold. I am wanting to weigh up the pros and cons of that - what happens when lease ends, how much it costs to extend it, can the freeholder of the land evict me from my own flat and block me from extending the lease?
My OH and I had entered into buying a studio flat in West Smithfield. I was assured that the lease had been lengthened (54 years outstanding prior to extension). The sales particulars said "sold with a long lease". It turns out as we are about to exchange of contracts we find that there has been no lease extension. The homeowner apparently has a quote but no money to extend as a result the seller intends to exchange and use the deposit monies for the lease extension. My question is why has this only just been brought to my attention by my lawyers?
I an interested in finding out more about leasehold property buying. We intend to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in West Smithfield area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?
I am the freeholder of a Edwardian property split into two apartments. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy one years. What are my next steps?
I'm living at mum and dad but have a garden flat in West Smithfield let out which has a 69 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 West Smithfield 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. Not sure sure whether to hold on or sell the flat?
I am planning on refinancing my ground floor flat in West Smithfield and the bank that I am looking to move to requires at least 80 years remaining on the lease in order for them to take the mortgage forward. I have found that I currently have around 79 years on the leasehold so looking for some help, guidance, and some quotes to start the lease extension process