Wirral Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Wirral Lease Extensions
I agreed with the landlord to a lease extension on our flat based in Wirral, 10k for another 90yrs. How long is the process ?
I will soon view a two bedroom flat, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has seventy one years remaining on the lease. It is also a repo so I'm guessing that the bank will not be interested in extending the lease. My main concern is would it be difficult to sell on without a lease extension?
We are considering purchasing a three bedroom first floor purpose built flat in Wirral which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what occurs when lease ends, how much it costs to extend it, can the freeholder of the land evict me from my own flat and prevent me from extending the lease?
I am planning to get a lease extension and am wondering what step I have to do first, I have been previously advised that I have to have the finances in place before I commence the process, is this correct?
I an interested in finding out more about purchasing a leasehold residence. We intend to buy a link detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Wirral area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
If a leaseholder owns a flat with a lease of less than 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 extending the lease?
Just a quick one, how much are the legal fees for a lease extension on a residential property in Wirral for a two bed flat - sec 42 having been issued?
My and my husband are worried about getting a lease extension from tricky landlord. Even though the correct procedures were adhered to under the 1993 Act, the freeholder still attempted to get ground rent of £300 increasing by 100% every twenty five years of the new term. Can you help?
I am currently negotiating a lease extension for my flat in Wirral 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?
I have a lease of 68 years remaining on my flat in Wirral. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?