Westbury Park Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Westbury Park Lease Extensions
I’m just looking for a one bedroom first floor purpose built flat to purchase in the Westbury Park area and was curious how much would it cost to extend a lease? It has 77 years as a balance left...
I need to extend my current lease can you assist? My investigation with the Land Registry reveal that it has 75 years left
I plan on buying a flat based in Westbury Park. My offer is subject to the lease extension. The owner’s lawyers has given to the freeholder 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 Barclays . Moreover, which are the following lease extension steps to complete the purchase?
My neighbours and I are in a building made up three flats in Westbury Park and have been offered to buy the freehold for £5000 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 thinking about whether to purchase the freehold or a lease extension of my property in Westbury Park and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a refinance with Barclays Direct to release of equity. The adviser dealing with the remortgage suggested I get two quotes : one for the lease extension and one for outright acquisition .The lease began in 1979 and since then the ground rent has increased from £38.00 per annum to £200 per annum.
We would like to extend our lease having owned the apartment for two years as of 21st Feb 2015. It has nearly 76 years remaining currently. Hoping to get a lease extension by way of an additional 90 years as quickly and stress free as possible.
I am the freeholder of a Georgian 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 78 years. What are my next steps?
My OH and I are hoping to buy a home (a garden flat located inWestbury Park with share of freehold). Throughout our search, we were always looking at flats that had a minimum ninety years outstanding. We came across a place we liked and the selling agent promised us that the lease was long albeit not specifying a number. This morning our conveyancing practitioners advised us the lease only has seventy one years and thus requires a lease extension. Do we walk away, or should we negotiate our offer?
I am planning on refinancing my one bedroom second floor purpose built flat in Westbury Park and the bank that I am looking to move to needs a minimum 85 years remaining on the lease in order for them to take the mortgage forward. I have discovered that I currently have around 64 years on the leasehold so looking for some advice, guidance, and some quotes to set the wheels in motion for a lease extension
I am currently negotiating a lease extension for my flat in Westbury Park 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?