We invested in buying a leasehold with a freeholder who has failed to respond by way of a counter-notice for a lease extension for our flat in Wool and are therefore deliberating the option of a vesting order. Is this something you can handle for us?
I am looking to either purchase the freehold or a lease extension of my property in Wool and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a refinance with Virgin Money to free up equity. The broker handling the remortgage suggested I get two quotes : one to extend the lease and one for the freehold purchase .The lease started in 1979 and since then the ground rent has been raised from £38.00 per year to £200 per year.
I will soon view a two bedroom apartment, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has fivety seven years balance left 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 the short lease make it difficult to secure a mortgage?
I have my suspicions that my niece is being hoodwinked. She put in an offer on a one bedroom apartment in Wool, where the lease is slightly more seventy three years but she was informed by the estate agents that the vendor had extended it to 99 years. She has now been informed the flat owner was waiting for her to instruct solicitors ahead of instigating the lease extension. Sounds underhand, also it may take a while to sort it all out. What do you think?
We have a residential flat in Wool with 74 years left. Last year we were quoted a deal to receive a lease extension for a further thirty years but also increase ground rent from notional to £250 per annum..plus a premium I think of about 10k. We have now decided to move forward but do we now have to renegotiate?
We are looking to extend our lease having owned the place for two years as of 22nd April 2015. It has approximately 61 years remaining currently. Hoping to get a lease extension with a further 90 years as quickly and stress free as possible.
I am in need of some help with a lease extension. I live in Glasgow but the flat in question is based in Wool. I would be grateful if you can give me a call when you get a chance to discuss the case.
Hopefully an easy question for you, how much is the premium payable for a lease extension on a residential property in Wool for a two bed flat - sec 42 having been issued?
I'm hoping for some help with regard to a lease extension on my apartment. The plan is to do this in six months time as we must move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. You are able to recommend a good lawyers with expertise in lease extensions. Ideally nearby in Wool?
I have a lease of fivety four years remaining on my flat in Wool. 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?