Wootton Lease Extension - Your Legal Fees Calculator
Questions and Answers: Wootton Lease Extensions
My wife has an apartment located in Wootton which we are about to put on the market. The leasehold has roughly 65 years unexpired on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we get started on a lease extension? Thank you.
I'm planning on purchasing a maisonette (leasehold) but the landlord has been missing for around 15yrs. My question is would it be cheaper to try to buy the reversionary title or to extend lease and apply for RTM?
My mortgage provider is requesting several hundred pounds for their conveyancing practitioners for a "deed of substituted security" for the lease extension for my flat in Wootton... I can find no mention of this in my mortgage guide... is this a usual fee to pay?
My solicitors (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?
I would like some guidance on leasehold property buying. We plan to buy a link detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Wootton area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
My brother has a share of freehold, with two other leaseholders in a building in Wootton. House converted into three apartments. He has a lease, which has approximately seventy seven yrs 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 note that your website states the likely fee to extend a lease is £495. Is that the total cost including vat and the HMLR fee? The premium has already been negotiated with the freeholder for the lease extension for my one bedroom apartment in Wootton
My wife and I are aware that others in the same building previously had a lease extension, and the freeholder was amenable. It therefore appears worth taking risk of avoiding a formal valuation and calculate the initial offer on previous prices . This would save on double valuation charges. Is this advisable?
We currently own a garden flat in Wootton 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 fivety nine years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Can you offer some advice on this? Do I contact the landlord first and will they be able to give me a cost?
I have 55 years remaining on my lease of a ground floor flat in Wootton, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable