Grangetown Lease Extension - Your Legal Fees Calculator
Common questions relating to Grangetown Lease Extensions
I inherited a one bedroom apartment in Grangetown that I am now unable to sell as a result of the lease requiring a lease extension. How long will it take ?
We have seen a house for sale for £195k and we are very keen on but we've just found out that it is leasehold. There are 798 years balance left so a lease extension is not a worry. 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 owning the property. Any feedback would be much appreciated.
I have contacted my freeholder for a lease extension for my flat in Grangetown. His conveyancing practitioners has been in contact concerning costs etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started Septembmer 1992.
I am thinking about whether to purchase the freehold or a lease extension of my property in Grangetown and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously refinance with Platform Home Loans Ltd to release of equity. My broker handling the remortgage suggested I get two quotes : one for the lease extension and one for outright purchase .The lease commenced in 1979 and since then the ground rent has increased from £38.00 per year to £100 per annum.
I am about to view a one bedroom flat, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has 66 years balance left on the lease. It is also a repossession so I'm guessing that the vendor will not be interested in extending the lease. My main concern is would the short lease make it difficult to secure a mortgage?
I am looking at bidding for an auction property and came upon a studio flat in Grangetown. It has just 49 year lease..the current owner being mortgagees in possession will not want to mess around with seeking a lease extension..what are the drawbacks of this other than the expensive fee to extend the lease and decreased chance of obtaining a mortgage with Yorkshire Building Society?
My apartment in Grangetown is up for sale and I have a hopefully firm offer. There is eighty one years remaining on the lease and I want to extend the lease. How much will it likely cost to extend in this area by, say,thirty years
Coming up to 2 years that I have been in my 2 bed flat in Grangetown. I have 54 yrs unexpired lease on the lease. I am now wanting to purchase a share of freehold or a lease extension. I purchased the property for 342K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my solicitors about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?
I require an estimate to extend my mum’s lease on a two bedroom first floor purpose built flat in Grangetown. She recently got a price from the landlord for a lease extension but I am unclear whether it is too high.
I am currently in the process of remortgaging my two bedroom second floor purpose built flat in Grangetown and the bank that I am looking to move to needs 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 sixety four years on the leasehold so looking for some advice, guidance, and some quotes to start the lease extension process