Llwyngwril Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Llwyngwril Lease Extensions
I am about to put an offer in on a one bedroom apartment in Llwyngwril with a lease of seventy nine years but unsure how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
I plan on buying a flat in Llwyngwril. My offer is conditional upon a lease extension. The vendor’s property lawyers has served the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Halifax. Moreover, which are the following lease extension steps to complete the purchase?
We hope to sell our garden flat in Llwyngwril but we may require a lease extension, or possibly cover the expense of our purchaser. Are you able to recommend someone to help us?
The terms for the lease on my apartment in Llwyngwril are 99 years from 1 Sep 1990. Can you provide me a quote to extend the lease if I give you more information please?
I am a first time buyer of a leasehold flat in Llwyngwril. The lease has just fivety five years unexpired and ground rent is £25. Is it possible for the current owner to serve the Notice of Claim and then transfer over the right to me as the purchaser on the day of completion so that I can avoid waiting for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time consuming to the owner? To add to the complexity the landlord is absent, so I am not sure how this will play out.
My mortgage provider is requesting a £450 fee for their property lawyers to agree a lease extension for my flat in Llwyngwril... I can find no reference of this in my mortgage booklet... is this a usual cost that they charge?
We had entered into a purchase of a one bedroom apartment in Llwyngwril. I was advised by the EA that the lease extension had already been completed while on a viewing (59 years unexpired lease prior to extension). The description on the listing stated "sold with a long lease". It transpires as we are about to exchange of contracts we find that there has been no lease extension. The owner supposedly has a quote but no finances to extend as a result the owner wishes to exchange and use the 10% deposit to extend the lease. My question is how is possible that the estate agent got it so wrong?
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 extending the lease?
Hopefully an easy question for you, how much does it cost for a lease extension on a residential property in Llwyngwril for a three bed flat - section 42 is already in place?