Gower Lease Extension - Your Legal Fees Calculator
Sample questions relating to Gower Lease Extensions
I inherited a flat in Gower with a leasehold unexpired slightly less than 72 years and need a lease extension. Please can you clarify the next stages
I have been in touch with my freeholder for a lease extension for my flat in Gower. Her solicitors has been in contact with fees etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started June 1992.
I'm looking for an apartment to buy in Gower and I'm not really familiar with the leasehold tenure. I've found a three bedroom first floor purpose built flat I like with a 91 years lease. I've read that I can apply for a lease extension after 2 years, but:- Should I anticipate any issue with the mortgage?
I am looking at acquiring an auction property and came upon a one bed flat in Gower. It only has a 49 year lease..the seller being mortgagees in possession dont want to mess around with applying for a lease extension..what are the drawbacks of this except for the huge fee to put a new lease on it and reduced chance of obtaining a mortgage with Lloyds TSB Bank?
I am in need of some help with a lease extension. I live in Dublin but the flat in question is based in Gower. I would be grateful if you can give me a call when you get a chance to discuss the case.
I'm living at mother and father but have a ground floor flat in Gower let out which has a 65 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 Gower 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?
Although I do not need a lease extension but I do need a vesting order on a property I want to purchase in Gower. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1854. Its the garden area.
I'm seeking some help concerning extending the lease on my maisonette. I'll be looking to do this in nine months time as we need to move 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 LVT 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?
I am planning on remortgaging my 2 bed flat in Gower and the bank that I am looking to switch to needs a minimum 85 years on the leasehold of my property in order for them to take the mortgage forward. We currently have around seventy one years on the leasehold so looking for some advice, guidance, and some quotes to get the wheels in motion for a lease extension
I am currently negotiating a lease extension for my flat in Gower 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?