Llanelli Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Llanelli Lease Extensions
I own a maisonnette together with the freehold. My downstairs neighbours have asked for a lease extension what do I need to do?
We invested in buying a leasehold with a freeholder who has not given us a counter-notice for a lease extension for our flat in Llanelli and looking to do a vesting order. Is this something you can help us with?
I have a leasehold apartment in Llanelli. I have built a big extension and have not informed my leaseholder. What should I do?
I own a purpose-built apartment based in a small block in Llanelli. The leasehold interest in the flat on a 99 year lease started on 30th January 1972 with a fixed yearly rent of 20. I would like to obtain a lease extension. Is it possible for me to call someone to go through my options please?
My wife and I have owned a leasehold flat for around fifteen years. It now has 74 years outstanding on the lease. Following a year of difficult negotiations through my property lawyers and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to LVT and would appreciate advice.
Coming up to 2 years that I have been in my studio flat in Llanelli. I have 55 yrs unexpired lease on the lease. I am now looking either to purchase a share of freehold or a lease extension. I purchased the property for 350K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my property lawyers 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 funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
If a leaseholder 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 extending the lease?
Me and my wife are in the throws of buying a home (a one bedroom apartment inLlanelli with share of freehold). During our search, we were always looking at properties that had a minimum ninety years unexpired. We found a apartment we fell in love with and the estate agent assured that the lease was long albeit not specifying a number. Yesterday our conveyancing practitioners advised us the lease only has sixety six years and thus requires a lease extension. Should we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
I have a lease of sixety nine years remaining on my flat in Llanelli. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?
I'm looking for some advice with regard to a lease extension on my maisonette in Llanelli. I'll be looking to do this sometime next year as we need to move at some point 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 tribunal route. Can you recommend a good solicitors who specialises in lease extensions?