Woodhall Spa Lease Extension - Your Legal Fees Calculator
Woodhall Spa Lease Extensions: Q and A’s
I want to acquire a leasehold property and lease extension. The seller has been there over two years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
I plan on buying a flat based in Woodhall Spa. My offer is subject to the lease extension. The vendor’s conveyancing practitioners has served the Notice of Claim. 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 Clydesdale. Moreover, which are the following lease extension steps to complete the purchase?
I'm looking for an apartment to purchase in Woodhall Spa and I'm not really familiar with the leasehold concept. I've identified a one bedroom apartment I like with a 90 years lease. I've read that I can go for a lease extension having owned the property for a couple of years, but:- Should I be looking at some conditions that would prevent me for getting a lease extension?
We have a ground floor flat in Woodhall Spa with fivety eight years left. Ten months ago we were quoted a deal to receive a lease extension for a further 25 years but also increase ground rent from nominal to a little more..plus a premium I think of about 9k. We have now decided to move forward but do we now have to renegotiate?
My property lawyers (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
My OH and I have been in discussion with our freeholder after having a valuation on our one bed flat in Woodhall Spa. We have a 71 year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a conveyancing practitioners to handle this for us. Can you please provide me what your costs would be to act on our behalf.
Me and my OH are hoping to purchase a property (a one bed flat based inWoodhall Spa with share of freehold). During our search, we were always looking at properties that had a minimum 84 years unexpired. We identified a place we liked and the estate agent promised us that the lease term was not an issue. Yesterday our conveyancing practitioners told us the lease only has 57 years and therefore needs a lease extension. Should we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
I require an estimate to extend my mother’s lease on a one bedroom first floor purpose built maisonette in Woodhall Spa. She recently got a figure from the freeholder for a lease extension but I am far from certain if it is too expensive.
I am currently negotiating a lease extension for my flat in Woodhall Spa 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 was hoping you might be able to tell me the process of how to apply for a lease extension for my one bedroom ground floor purpose built flat in Woodhall Spa