Woodstock Lease Extension - Your Legal Fees Calculator
FAQs concerning Woodstock Lease Extensions
I need to extend my existing lease can you assist? I think it has 78 years outstanding
I plan on buying a flat based in Woodstock. My offer is subject to the lease extension. The owner’s conveyancing practitioners has given to the freeholder 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 Yorkshire Building Society. Moreover, which are the following lease extension steps to complete the purchase?
I purchased a two bedroom first floor purpose built flat in Woodstock. I am looking to extend lease on the property. It is circa 80 years. I would just like to know what your charges are and how long it would take for completion.
My mortgage provider is requesting several hundred pounds for their conveyancers for a "deed of substituted security" for the lease extension for my flat in Woodstock... I am unable to find any reference of this in my mortgage guide... is this a normal cost that they charge?
Ref a leasehold in Woodstock. lower maisonette. sixety seven yrs remaining. I have negotiated a lease extension price of £12,000 for 125yrs. Landlord also insisted on Initial Notice which I think is a bit over the top. Advice required.
We wish to extend our lease having owned the place for 2 years as of 22nd Feb 2015. It has roughly 67 years remaining currently. Hoping to get a lease extension with a further 90 years as expeditiously and stress free as is reasonably achievable.
Me and my husband had entered into buying a garden flat in Woodstock. I was advised by the EA that the lease extension had already been completed while on a viewing (77 years remaining prior to extension). The sales particulars stated "sold with a long lease". It transpires as we are about to exchange of contracts we find that the lease has not been extended. The owner supposedly has a quote but no funds to extend as a result the flat owner wishes to exchange and use the 10% deposit for the lease extension. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?
My fiance and I are hoping to acquire a flat (a maisonette based inWoodstock with share of freehold). During our search, we were always looking at properties that had at least 84 years left on the lease. We came across a apartment we liked and the selling agent assured that the lease was long albeit not specifying a number. This morning our lawyers informed us the lease only has sixety two years and thus requires a lease extension. Should we run away, or should we negotiate our offer?
We currently own a garden flat in Woodstock and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 61 years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Can you offer some advice on this? Should I contact the freeholder first and will they be able to give me a cost?
I am currently negotiating a lease extension for my flat in Woodstock 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?