Barry Lease Extension - Your Legal Fees Calculator
Barry Lease Extensions: Q and A’s
My name´s Nathaniel. I’m flat hunting in Barry I'm considering offering on a three bedroom first floor purpose built maisonette online, with about 58 years left, how much will it likely cost to get a lease extension by, say, 35 years?
I am looking to extend the lease on my studio flat in Barry which will have sixety six years remaining in January. What fees are applicable?
We have seen a house for sale for £185,000 and we are very interested but we've just discovered that it is leasehold. There are 798 years remaining so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any advice would be much appreciated.
I have contacted my freeholder to extend my lease for my flat in Barry. His conveyancers has been in contact concerning costs etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started February 1990.
My mortgage lender requires a £600 fee for their solicitors for a "deed of substituted security" for the lease extension for my flat in Barry... I am unable to find any mention of this in my mortgage booklet... is this a standard charge?
We have a residential flat in Barry with sixety six years left. Ten months ago we were quoted a deal to have a lease extension for a further 25 years but also uplift the ground rent from notional to a little more..plus a premium I think of about 16k. We have now decided to move forward but do we now have to start the negotiations again?
I am looking to buy a one bed flat in Barry for asking price of 156k, which has seventy four years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
It says on your website the anticipated fee to extend a lease is £495. Is that the total cost excluding vat and the HMLR fee? The premium has already been agreed with the freeholder for the lease extension for my studio flat in Barry
We have a studio flat in Barry with a lease of fivety eight years left with a value of around £410000 we want to add 125 years to it, how much is that likely to cost?
I'm looking for some advice with regard to a lease extension on my one bedroom apartment in Barry. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?