Woolacombe Lease Extension - Your Legal Fees Calculator
Examples of recent questions relating to Lease Extensions in Woolacombe
I am the registered owner of a flat in Woolacombe with a leasehold unexpired nearon 54 years and need a lease extension. Please can you clarify the next steps
This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
I'm looking for an apartment to buy in Woolacombe and I'm not really familiar with the leasehold concept. I've identified a garden flat I like with a 91 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?
My nephew has a share of freehold, with two other leaseholders in a building in Woolacombe. House divided into three flats. He has a lease, which has just under sixety eight years remaining. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
I own 50% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around fivety four years. I need a conveyancing practitioners at my end. Can you advise please? I live near Woolacombe and have a mortgage with Lloyds TSB Bank.
Coming up to 2 years that I have been in my three bed flat in Woolacombe. I have 72 yrs unexpired lease on the lease. I am now looking either to buy a share of freehold or a lease extension. I purchased the property for 342K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my conveyancing practitioners about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
My husband and I have been in discussion with our freeholder after having a valuation on our garden flat in Woolacombe. We have a 60 year lease and we wish to increase this to 99. The Freeholder has supplied us with a financial figure that she 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 conveyancers to handle this for us. Can you please provide me what your costs would be to act on our behalf.
We are purchasing a one bedroom apartment in Woolacombe which has share of freehold and a leasehold. The lease was starting to get low so the owner is in the process of dealing with a lease extension. The seller has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the house buying process is for our conveyancers to do OS1 search on the lease. The concern here is that as a lease extension has been submitted we've been told by our conveyancing practitioners it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it correct that we must wait until the lease extension has actually been registered before completing.?
Are you able to provide an estimate to extend my mother’s lease on a garden flat in Woolacombe. She recently got a figure from the freeholder for a lease extension but I am unclear whether it is reasonable.
I am currently in the process of refinancing my maisonette in Woolacombe and the new lender that I am looking to switch to requires at least 85 years on the leasehold of my property in order for them to progress matters. I have discovered that I currently have around 58 years on the leasehold so require some help, guidance, and some quotes to set the wheels in motion for a lease extension