Machen Lease Extension - Your Legal Fees Calculator
Examples of recent questions relating to Lease Extensions in Machen
Me and my partner have just bought a studio flat based inMachen and I'm deliberating extending the lease as soon as I can e.g. in 24 months of ownership
I own a leasehold flat in the Machen area and was curious if I could get a lease extension. What are your processes and charges. There are seventy three years outstanding
I'm wanting to make an offer on a house in Machen but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Norwich and Peterborough Building Society giving us the mortgage now?
I am thinking about bidding for an auction property and identified a studio flat in Machen. It has just 49 year lease..the seller as mortgagees in possession dont want the aggravation of seeking a lease extension..what are the disadvantages of this other than the huge fee to put a new lease on it and reduced chance of getting a mortgage with National Westminster Bank?
I am planning to get a lease extension and am wondering which step I have to do first, I have been previously advised that I have to have the finances in place before I initiate the process, is this correct?
I am in need of some help with a lease extension. I live in Belfast but the property in question is based in Machen. I would be grateful if you can give me a call when you get a chance to discuss the case.
Coming up to 2 years that I have been in my one bed flat in Machen. I have seventy two yrs unexpired lease on the lease. I am now looking either to purchase a share of freehold or extend my lease. 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 lawyers about the process, he answered most of my questions but just have one left: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process goes to LVT)?
Hello I am the freeholder interest in a 2 bedroom flat in Machen. The leaseholder has a sixety three year lease and would like to purchase further 125 years. He is offering me £18,000 but I am not sure if this is too low an offer
I am currently negotiating a lease extension for my flat in Machen 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 maisonette in Machen with a lease of 65 years left with a value of around £370000 we want to add 90 years to it, how much is that likely to cost?