Ferryside Lease Extension - Your Legal Fees Calculator
Ferryside Lease Extensions: Q and A’s
My wife has a flat based in Ferryside which we have just put on the market. The leasehold has roughly seventy four years balance left on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Many thanks.
I would like to have my residential flat leasehold extension premium assessed. The flat is in Ferryside, and my lease will reach 55 years this January. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
We invested in buying a leasehold with a freeholder who has not given us a counter-notice for a lease extension for our flat in Ferryside and looking to do a vesting order. Is this something you can handle for us?
I am a landlord of a block of flats in Ferryside, and the lessees are in the process of being issued lease extensions. I should hopefully get funds next month. How does the tax work, the property is in joint names with my wife ?
Me and my partner are proceeding with buying a studio flat in Ferryside. I was advised by the EA that the lease extension had already been completed while on a viewing (seventy eight years unexpired lease prior to extension). The sales particulars stated "sold with a long lease". It transpires at the point of exchange of contracts we find that there has been no lease extension. The vendor supposedly has a quote but no funds to extend and consequently the vendor wants to exchange and use the deposit monies to extend the lease. My question is how is possible that the estate agent got it so wrong?
I am planning to get a lease extension and am wondering what step I have to do first, I have been previously told that I have to have the finances in place before I commence the process, is this correct?
I am seeking advice as I am interested in a property that has only a 79 year lease and therefore requires a lease extension. Can I talk with someone to discuss my options please?
If somebody owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
My fiance and I are in the throws of buying a property (a garden flat based inFerryside with share of freehold). During our search, we were always looking at properties that had a minimum eighty five years outstanding. We came across a apartment we fell in love with and the selling agent promised us that the lease term was not an issue. Today our conveyancers informed us the lease only has 67 years and thus needs a lease extension. Should we run away, or do we negotiate our offer?
I own the freehold reversion of a property in Ferryside and a leaseholder has requested a lease extension. Her valuer has suggested a figure of £9,000, but has upped this by £2,000 without too much effort. My valuer has recommended a much higher premium. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to a FTT, can I deal with this myself, just equipped with the valuations I have? If not, what costs would I be likely to face?