FAQs concerning Magor Lease Extensions

  • My name´s Liam. I’m flat hunting in Magor I'm thinking about offering on a garden flat online, with around fivety nine years outstanding, how much will it likely cost to extend in this area by, say, ninety years?
  • Do you only handle lease extensions in Magor? I own a flat in Abbey Wood with 90 years unexpired lease, I am looking for a quote from a conveyancers.
  • My co-lessees and I are in a building of five flats in Magor and have been offered to buy the freehold for £6000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • My leasehold flat in Magor is up for sale and I have a hopefully firm offer. There is 79 years left on the lease and I want to extend the lease. How much will it likely cost to extend in this area by, say,45 years
  • I would like some help on purchasing a leasehold residence. We hope to buy a link detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Magor area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
  • I am looking to extend the lease on my studio flat in Magor I am looking for help to verify the premium. I have a quote from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.
  • Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Magor for a one bed flat - sec 42 having been issued?
  • I own the freehold reversion of a property in Magor where the leaseholder would like a lease extension. Her valuer has provided a figure of £9,000, but has upped this to £10,000 at the drop of a hat. My valuer has suggested 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 deal with this myself, just armed with the valuations I have? If not, what charges would I be likely to face?
  • I am currently negotiating a lease extension for my flat in Magor 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 wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my one bed flat in Magor
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    Lease Extensions in Magor

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