Chepstow Lease Extension - Your Legal Fees Calculator
Sample questions relating to Chepstow Lease Extensions
Me and my OH have just bought a one bedroom apartment based inChepstow and I'm thinking about extending the lease as soon as possible e.g. in 24 months of ownership
This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
We bought a leasehold with a landlord who has failed to give us a counter-notice for a lease extension for our flat in Chepstow and are therefore thinking about the option of a vesting order. Is this something you can help us with?
I have my suspicions that my niece might have had the wool pulled over her eyes. She submitted an offer on a one bed flat in Chepstow, where the lease is just under sixety nine years but she was informed by the estate agents that the homeowner had extended it to 99 years. Only now has she been told the homeowner was holding off for her to instruct solicitors prior to commencing with the lease extension. Sounds underhand, also it could take a while to sort it all out. What do you think?
I am looking at buying an auction property and found a one bed flat in Chepstow. It only has a 48 year lease..the current owner as mortgagees in possession dont want the aggravation of seeking a lease extension..what are the drawbacks of this except for the expensive fee to put a new lease on it and reduced chance of obtaining a mortgage with Alliance & Leicester ?
Me and my fiance are considering purchasing a studio flat in Chepstow which is a leasehold. I am wanting to weigh up the pros and cons of that - what happens when lease ends, how much it costs to extend it, can the freeholder of the land evict me from my own flat and prevent me from having a lease extension?
We are looking to extend our lease. We will have been in the apartment for two years as of 1st March 2015. It has around 70 years remaining currently. Hoping to get a lease extension by way of an additional 90 years as quickly and stress free as is reasonably achievable.
I do not need a lease extension but I do require a vesting order on a property I want to acquire in Chepstow. The house is freehold but the garden is officially leasehold, 995 year lease from 1889. Its the garden area.
I am currently in the process of remortgaging my garden flat in Chepstow and the bank that I am looking to move to requires at least 80 years remaining on the lease in order for them to take the mortgage forward. I have found that I currently have around 71 years on the leasehold so looking for some help, guidance, and some quotes to start the lease extension process
I am currently negotiating a lease extension for my flat in Chepstow as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?