WebThe three figures that you need to hand to calculate the cost to buy your freehold or extend your lease are. 1. The current value of the property today. 2. The annual ground rent. 3. The number of years currently left on the lease. The three figures that you need to hand to calculate the cost to buy your freehold or … Freehold Purchase Calculator - Freehold Calculator, Lease Extension Calculator Lease Extension Calculator - Freehold Calculator, Lease Extension Calculator Discussion - Freehold Calculator, Lease Extension Calculator FAQ - Freehold Calculator, Lease Extension Calculator WebOct 22, 2007 · The valuation in this case as the lease is above 80 years is the sum of the following:-. Capitalisation of the ground rent. Total rent £400 for next 31 years, £600 for next 33 yrs and £800 for last 33 years. Capitalised at 7.5% = £5,600. Value of the reversion of total value of the flats say £660,000 discounted back at 5% for 97 years= £ ...
Freehold Calculator - Easy Valuation of Freehold Ground Rents
WebFeb 1, 2024 · The value of the freehold title should be the value of "statutory lease extension" for both flats together . Since your flat has been extended to 157 years at peppercorn ground rent , the value of the freehold title should be the cost of statutory lease extension for the other flat paying £150 p.a ground rent for next 67 years. WebThis calculator is a tool to calculate a rough estimate of what would be the premium payable to purchase your freehold (of a house) or extend your lease. This is NOT a … mow and snow aurora co
Government reforms make it easier and cheaper for leaseholders …
WebApr 6, 2024 · The ground rent is fixed at £15pa so seems as though the legal fees will be the bulk of the cost. The £120 fee has been justified as ‘obtaining a copy of the lease and preparing a written quotation.’. I may approach a solicitor before I go any further. There are far too many Simarc horror stories about! WebA chartered surveyor should be able to calculate the value of the freehold for you. The calculation depends on a number of factors including the rateable values of the house at … WebSolicitors typically charge £4,000ish in total for dealing with a freehold purchase for five flats. Count on £500ish extra per flat to extend the lease to 999 years (worth doing while … mow and snow fernie