Sample questions relating to Bala Lease Extensions
I invested in buying a 2 bed flat in Bala. I am looking for a lease extension on the property. It is just over 80 years. I would just like to know what your charges are and how long the process takes.
I am looking at purchasing an auction property and identified a studio flat in Bala. It has just 48 year lease..the vendor as mortgagees in possession will not want to mess around with applying for a lease extension..what are the disadvantages of this except for the expensive fee to extend the lease and reduced chance of obtaining a mortgage with Godiva Mortgages Ltd?
My leasehold flat in Bala is up for sale and I have a hopefully firm offer. There is eighty one years to run on the lease and I want a lease extension. What does it cost on average to extend in this location by, say,thirty years
I am in need of a lease extension for my flat in Bala and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
I am looking to extend the lease on my studio flat in Bala I am looking for help to verify the premium. I have a quote from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.
I'm living at mum and dad but have a ground floor flat in Bala let out which has a 63 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Bala for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Not sure sure whether to hold on or sell the flat?
It says on your website the likely fee to extend a lease is £495. Is that the all inclusive cost excluding value added tax and the land registry fee? The price has already been agreed with the freeholder for the lease extension for my maisonette in Bala
My husband and I are in the throws of buying a property (a garden flat based inBala with share of freehold). Throughout our search, we were always looking at flats that had a minimum 83 years outstanding. We identified a place we fell in love with and the estate agent assured that the lease was long albeit not specifying a number. This morning our property lawyers informed us the lease only has 59 years and thus requires a lease extension. Should we run away, or do 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?
My wife and I are worried about obtaining a lease extension from tricky landlord. Even though the correct procedures were adhered to under the appropriate legislation, the freeholder still tried to get ground rent of £200 doubling every 25 years of the new term. Can you help?
Are you able to provide an estimate to extend my aunt’s lease on a maisonette in Bala. She recently got a figure from the freeholder for a lease extension but I am far from certain if it is reasonable.