Margam Lease Extension - Your Legal Fees Calculator
Margam Lease Extensions: Q and A’s
I bought a one bedroom apartment in Margam. I am looking for a lease extension on the property. It is nearon eighty years. I would just like to know what your charges are and how long the process takes.
I own a leasehold flat in Margam. I have built a huge extension and have not informed the leaseholder. What should I do?
I have my suspicions that my daughter is being hoodwinked. She put in an offer on a studio flat in Margam, where the lease is approximately seventy four years but she was told by the estate agents that the homeowner had extended it to 125 years. She has now been advised the vendor was waiting for her to instruct lawyers before commencing with the lease extension. Sounds odd to me, also it could take time to sort it all out. Am I reading too much into it?
We wish to extend our lease having owned the place for 2 years as of 22nd Jan 2016. It has approximately seventy one years remaining currently. Hoping to get a lease extension by another 90 years as expeditiously and stress free as is reasonably achievable.
My partner and I had entered into a purchase of a maisonette in Margam. I was advised by the EA that the lease extension had already been completed while on a viewing (60 years remaining prior to extension). The sales particulars stated "sold with a long lease". It transpires as we are about to exchange of contracts we find that the lease has not been extended. The vendor supposedly has a quote but no funds to extend and consequently the seller wants to exchange and use the my deposit to extend the lease. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?
Me and my husband have owned a leasehold flat for approximately fifteen years. There are sixety years unexpired lease on the lease. After a year of protracted negotiations through my 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 a Tribunal and would appreciate some independent thoughts.
My wife and I would like to know the cost of a lease extension valuation for a property based in Margam. Would you be able to help?
My husband and I are hoping to purchase a property (a maisonette located inMargam with share of freehold). Throughout our search, we were always looking at apartments that had at least 83 years unexpired. We found a flat we fell in love with and the selling agent assured that the lease term was not an issue. Today our lawyers informed us the lease only has 76 years and thus needs a lease extension. Should we run away, or should 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 am currently negotiating a lease extension for my flat in Margam 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?
Do you handle lease extensions on land? (a plot of land in Margam with 82yrs remaining)