Sample questions relating to Wool Lease Extensions
I purchased a garden flat in Wool that I am now unable to sell as a result of the lease requiring a lease extension. What's your legal fee ?
I invested in buying a flat in Wool with a leasehold unexpired just under seventy nine years and need to extend it. Please can you clarify the next stages
I'm planning to make an offer on a house in Wool but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Clydesdale giving us the mortgage now?
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 dad has a share of freehold, with two other leaseholders in a building in Wool. House converted into three apartments. He has a lease, which has about fivety six years remaining. How much would it cost for a lease extension and how many years would he need to extend by?
I have a freehold of a one bedroom flat in Wool. The leaseholders have seventy three years on a lease and wants to purchase another 90 years. The have offered me 25k. Is this around the right price?
I'm intent on buying an apartment in Wool valued at £256,000 the flat has approaching 67 years left on the lease. My offer was subject to the lease being renewed... .. that was back in November, hoping I'd have moved in by now. The seller has just informed me they are willing to knock £3k off if they don't have to deal with the lease extension. I'm unsure if I should take them up on the offer
Me and my OH are hoping to buy a flat (a ground floor flat located inWool with share of freehold). Throughout our search, we were always looking at flats that had at least eighty five years remaining. We came across a apartment we liked and the selling agent promised us that the lease was long albeit not specifying a number. Today our conveyancers told us the lease only has sixety one years and therefore requires a lease extension. Should we walk away, or should 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 own the freehold to two flats. Someone has the lease on the lower flat in Wool. I live in the top flat. I was looking at the title deeds yesterday when I noticed that my flat is leasehold. There is seventy eight years remaining. If I want to do a lease extension then would I just be paying for the lawyers charges?
I have a lease of sixety six 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?