Nannerch Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to Nannerch Lease Extensions
I’m seeking a lease extension for our flat in Nannerch and we don't fully comprehend the communication that we got from our landlord company. How long will it take?
Hi, I just randomly found your website. I'm seeking prices on what a lease extension will cost for a ground floor flat based in Nannerch. It's up for sale at the moment but has about sixety nine years left on the lease
I think our conveyancers has advised us incorrectly concerning a lease extension and I would like to find out how to go about making a formal complaint
We are in a building of five flats in Nannerch 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?
I will soon view a two bedroom apartment, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 55 years left on the lease. It is also a repossession so I'm guessing that the lender will not be interested in extending the lease. My primary concern is would it be difficult to sell on without a lease extension?
If somebody owns a flat with a lease of under 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 doing it?
Me and my husband have been in discussion with our freeholder after having a valuation on our one bedroom apartment in Nannerch. We have a seventy eight year lease and we wish to increase this to 99. The Freeholder has given us with a financial figure that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a property lawyers to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
My wife and I are aware that others in the same block previously had a lease extension, and the landlord was amenable. Therefore is seems worth taking risk of avoiding a formal survey and calculate the initial offer on on the premiums paid by others . This would save on double valuation charges. Would you suggest such a course of action?
I am currently negotiating a lease extension for my flat in Nannerch 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 garden flat in Nannerch with a lease of fivety eight years left with a value of around £370000 we want to add 125 years to it, how much is that likely to cost?