Llanddulas Lease Extension - Your Legal Fees Calculator
Questions and Answers: Llanddulas Lease Extensions
I have an interest in the freehold of 2 blocks of flats comprising of 8 flats each. 2 of the leaseholders want to extend their leases and I'm curious about the the process
I bought a garden flat located in Llanddulas with a leasehold unexpired of sixety years. I am wondering about what I will need to spend to extend my lease term
I bought a three bed flat in Llanddulas. The lease commenced in 1997 for 99 years. Now I am looking to extend the lease. I am in the dark about further expenses, could you tell me please how much I should expect to spend on this?
The terms for the lease on my flat in Llanddulas are 99 years from 1 Sep 1980. Can you provide me a quote to extend the lease if I give you more information please?
I am considering whether to purchase the freehold or a lease extension of my property in Llanddulas and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a get a new mortgage with Santander to free up equity. The broker dealing with the remortgage suggested I get two quotes : one to extend the lease and one for outright acquisition .The lease began in 1991 and since then the ground rent has increased from £25.00 per year to £200 per annum.
I am a FTB of a leasehold flat in Llanddulas. The lease has only 59 years left and ground rent is £95. Is it possible for the vendor to serve the Notice of Claim and then assign over the right to me as the buyer on the day of completion so that I can avoid waiting for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time costly to the homeowner? Unfortunately the freeholder is absent, so I am not sure how does it work.
I am in need of a lease extension for my flat in Llanddulas and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
Coming up to 2 years that I have been in my two bedroom first floor purpose built maisonette in Llanddulas. I have seventy two years outstanding on the lease. I am now wanting to purchase a share of freehold or extend my lease. I acquired the property for 342K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my conveyancing practitioners 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?
We are hoping to buy a home (a two bedroom second floor purpose built flat inLlanddulas with share of freehold). During our search, we were always looking at properties that had at least ninety years balance left. We identified a apartment we liked and the selling agent assured that the lease term was not an issue. This morning our conveyancing practitioners told us the lease only has seventy seven years and thus needs a lease extension. Should we run away, or do we reduce our offer?
I am the freeholder of a property in Llanddulas and a leaseholder has requested a lease extension. Her so called valuation expert has provided a figure of £9,000, but has upped this by £2,000 without too much effort. My valuer has put forward a much higher premium. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to tribunal, can I handle the matter myself, just equipped with the valuations I have? If not, what costs would I be likely to incur?