Woodside Lease Extension - Your Legal Fees Calculator
FAQs concerning Woodside Lease Extensions
I agreed with the landlord to a lease extension on our flat located in Woodside, 7.5k for another 90yrs. How long is the process ?
I am looking for a lease extension on the lease on my studio flat in Woodside which will have 57 years unexpired lease in June. What fees are applicable?
I want to acquire a leasehold property and extend the lease. The vendor has been there over two years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
We have seen a house for sale for £185,000 and we are very interested but we've just found out that it is leasehold. There are 899 years left so a lease extension is not a worry. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any information would be much appreciated.
I am about to put an offer in on a garden flat in Woodside with a lease of sixety six years but unsure how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
We are in a building consisting of three flats in Woodside and have been offered to buy the freehold for 8k 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 have my suspicions that my niece is being hoodwinked. She put in an offer on a garden flat in Woodside, where the lease is roughly 68 years but she was told by the estate agents that the owner had extended it to 125 years. Only now has she been informed the seller was waiting for her to appoint lawyers prior to commencing with the lease extension. Sounds underhand, also it could take months to sort it all out. Am I being too sceptical?
I intend to buy a one bed flat in Woodside for asking price of 156k, which has fivety five years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
We have owned a leasehold flat for about twenty years. There are seventy six years outstanding on the lease. Following a year of protracted negotiations through my conveyancers and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to LVT and would appreciate some independent thoughts.
My friend knows that others in the same block had already had a lease extension, and the landlord seemed amenable. It therefore appears worth taking risk of not having formal survey and base the initial offer on previous prices . This would save on double valuation charges. Is this advisable?