Lampeter Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to Lampeter Lease Extensions
I am interested in getting a lease extension for a flat in Lampeter and want to use a local lawyers. Is there a conveyancers that you can recommend?
We have seen a house for sale for £215k and we are very interested but we've just found out that it is leasehold. There are 928 years balance left so a lease extension is not required. 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 true? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any help would be much appreciated.
I am the registered owner of a one bed flat in Lampeter. The start date for the lease was in 1992 for 99 years. Now I am wanting to extend the lease. I am unclear about additional expenses, could you tell me please how much I should expect to spend on this?
I will soon view a two bedroom apartment, although not exactly my ideal 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 65 years left on the lease. It is also a repossession so I'm guessing that the lender 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 thinking about buying an auction property and found a one bed flat in Lampeter. It only has a 48 year lease..the current owner as mortgagees in possession will not want to mess around with negotiating a lease extension..what are the disadvantages of this except for the expensive fee to extend the lease and decreased chance of getting a mortgage with Halifax?
My brother and I are considering buying a garden flat in Lampeter which is a leasehold. I am wanting to weigh up the advantages and disadvantages of that - what happens when lease ends, how much it costs to extend it, can the freeholder of the land evict me from my own flat and block me from extending the lease?
My brother and I are proceeding with a purchase of a three bedroom ground floor purpose built maisonette in Lampeter. I was advised by the EA that the lease extension had already been completed while on a viewing (67 years left prior to extension). The description on the listing said "sold with a long lease". It transpires as we are about to exchange of contracts we find that the lease has not been extended. The vendor apparently has a quote but no money to extend as a result the current owner intends to exchange and use the deposit monies for the lease extension. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?
My and my partner know that others in the same building previously had a lease extension, and the freeholder seemed amenable. It therefore appears worth taking risk of not having formal valuation and calculate the initial offer on previous premiums paid . This would save on double valuation fees. Is this advisable?
I am currently negotiating a lease extension for my flat in Lampeter 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?
We have a two bedroom ground floor purpose built maisonette in Lampeter with a lease of sixety nine years left with a value of around £290000 we want to add 90 years to it, how much is that likely to cost?