Gwernaffield Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Gwernaffield Lease Extensions
I am looking for a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has seventy five years outstanding.
We have seen a house for sale for £215k and we are very interested but we've just discovered that it is leasehold. There are 928 years outstanding 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 twenty years without the house being ours. Any information would be much appreciated.
I'm looking for a flat to purchase in Gwernaffield and I'm not really familiar with the leasehold arrangement. I've identified a one bed flat I like with a 82 years lease. My research reveals that I can apply for a lease extension having owned the property for 2 years, but:- Should I anticipate any issue with the mortgage?
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 the freeholder of a Georgian property split into two flats. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 59 years. What are my next steps?
If somebody owns a flat with a lease of less than 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 doing it?
My OH and I have been in discussion with our freeholder after having a valuation on our studio flat in Gwernaffield. We have a 55 year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a conveyancers to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
I am the freeholder of a property in Gwernaffield where the leaseholder would like a lease extension. Her so called valuation expert has provided a figure of £8,000, but has increased this by £2,000 at the drop of a hat. My valuer has come back with £12,520. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to tribunal, can I handle the matter myself, just armed with the valuations I have? If not, what fee would I be likely to face?
My and my fiance know that others in the same building previously had a lease extension, and the freeholder seemed reasonable. Therefore is seems worth taking risk of avoiding a formal survey and base the initial offer on on the prices by others . This would save on double valuation charges. Is this advisable?
Do you handle lease extensions on land? (a plot of land in Gwernaffield with 82yrs remaining)