Fforestfach Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to Fforestfach Lease Extensions
20,000 agreed with the freeholder, just seeking to find a Fforestfach conveyancers for a lease extension. Our flat has nearon 62 yearsleft. How long will this take ?
In 2012 I purchased a leasehold apartment in Fforestfach. I have built a big extension and have not informed my freeholder. What are my options?
I am a first time buyer of a leasehold flat in Fforestfach. The lease has only 64 years unexpired and ground rent is £25. Is it possible for the vendor to serve the Initial Notice and then transfer over the right to me as the purchaser on the day of completion so that I don't have to wait for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time consuming to the flat owner? To add to the complexity it’s the case of an missing freeholder, so I am not sure how this will play out.
I have my suspicions that my daughter might have had the wool pulled over her eyes. She submitted an offer on a 2 bed flat in Fforestfach, where the lease is around 57 years but she was advised by the estate agents that the vendor had extended it to 99 years. She has now been told the vendor was holding off for her to retain lawyers prior to commencing with the lease extension. Seems underhand, also it could take time to sort it all out. Am I being too sceptical?
I am looking for advice as I am interested in a property that has only a 68 year lease and therefore requires a lease extension. Is it possible for me to talk with someone to discuss my options please?
Me and my OH have owned a leasehold flat for approximately eighteen years. It now has 54 years outstanding on the lease. Following a year of protracted negotiations through my conveyancers and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to a Tribunal and would welcome advice.
I'm living at parents but have a one bedroom apartment in Fforestfach let out which has a sixety seven 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 Fforestfach 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 19k. Not sure sure whether to hold on or sell the flat?
If a leaseholder 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 father knows that others in the same block previously had a lease extension, and the landlord was reasonable. It therefore appears worth taking risk of avoiding a formal valuation and calculate the initial offer on previous prices . This would save on double valuation fees. Would you recommend this course of action?
I am currently negotiating a lease extension for my flat in Fforestfach 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?