• Welcome to the LegalBeagles Consumer and Legal Forum.
    Please Register to get the most out of the forum. Registration is free and only needs a username and email address.
    REGISTER
    Please do not post your full name, reference numbers or any identifiable details on the forum.

Help - permission to build or buy Leasehold. House, Ground Rent Only

Collapse
Loading...
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Help - permission to build or buy Leasehold. House, Ground Rent Only

    Currently requested permission to build conservatory (all planning permissions etc passed)

    Property management team email response- Your application has now been reviewed by the Freeholder and we can confirm their fee for considering the possible granting of consent is £200.00.

    Is this reasonable? I have 963 years and now consider quote to buy, again charging a fee for the initial work involved is £144.00 including VAT. fee is non-refundable.

    I have used online calculators HPI valuation £204,924.11. 963years left on lease, £40

    ground rent, 100% relativity, value of freehold £38,520, yield rate 6% and reversion rate 5%. final costs £667. - is this likely?

    But then read this article stating it should be cheaper on 24th July 2024, problems | ve started the whole process January and aimed to be built by May!
    Tags: None

  • #2
    Yes.
    Lawyer (solicitor) - retired from practice, now supervising solicitor in a university law clinic. I do not advise by private message.

    Guides and handbooks for Litigants in Person - :

    https://legalbeagles.info/forums/for...60#post1701560

    Comment

    View our Terms and Conditions

    LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

    If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.


    If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.
    Working...
    X