Whittlesey Lease Extension - Your Legal Fees Calculator
FAQs concerning Whittlesey Lease Extensions
I’m just looking for a garden flat to buy in the Whittlesey area and was after more information on what the likely fees would be for a lease extension? It has 64 years left...
I am looking for a rough estimate of what a lease extension will cost for a flat I would like to buy. It has 79 years residual lease term.
This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
I have contacted my freeholder to extend my lease for my flat in Whittlesey. Her conveyancing practitioners has been in contact concerning fees etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started July 1990.
I am a first time buyer of a leasehold flat in Whittlesey. The lease has just 57 years balance left and ground rent is £25. Is it possible for the vendor to serve the Section 42 Notice and then assign this right to me as the buyer on the day of completion so that I can avoid waiting for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time consuming to the owner? To add to the complexity it’s the case of an absent freeholder, so I am not sure how this will play out.
How much will it cost me and what is the best way to start the lease extension process? I have roughly 79 years left on my lease on a maisonette in Whittlesey. I have contacted the agent who represent the freeholder and they gave me the number for the surveyor. I left a phone message for the valuer but I am not receiving any returned calls.
If a leaseholder owns a flat with a lease of under 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?
Hi I own the freehold interest in a 3 bedroom flat in Whittlesey. The leaseholder has a 68 year lease and would like to purchase further 90 years. He is offering me £27,000 but I am not sure if this is in the right ballpark
I know that others in the same block had already had a lease extension, and the freeholder was amenable. Therefore is seems worth taking risk of not having formal valuation and calculate the initial offer on on the prices by others . This would save on double valuation charges. Is this advisable?
I require an estimate to extend my aunt’s lease on a two bedroom first floor purpose built flat in Whittlesey. She already has a figure from the freeholder for a lease extension but I am far from certain if it is too high.