Ogmore By Sea Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to Ogmore By Sea Lease Extensions
I am looking for a rough estimate of what a lease extension will cost for a flat I would like to buy. It has 56 years residual lease term.
I purchased a garden flat in Ogmore By Sea with a leasehold unexpired of 54 years. I am wondering about how much it will cost me to extend my lease
I am looking to either purchase the freehold or a lease extension of my property in Ogmore By Sea and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a get a new mortgage with TSB to free up equity. The broker dealing with the remortgage suggested I get two estimates : one for the lease extension and one for the freehold purchase .The lease commenced in 1979 and since then the ground rent has increased from £25.00 per year to £200 per annum.
What will I need to spend and what is the best way to start the lease extension process? I have circa seventy two years left on my lease on a one bedroom apartment in Ogmore By Sea. I have emailed the managing agents who act on behalf of the freeholder and they provided me with the number for the valuer. I telephone the valuer but I am not getting any calls back.
I am planning to get a lease extension and am wondering which step I have to do first, I have been previously told that I have to have the finances in place before I initiate the process, is this correct?
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 doing it?
My fiance and I have been in discussion with our freeholder after having a valuation on our studio flat in Ogmore By Sea. We have a 54 year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount 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 solicitors to handle this for us. Can you please provide me what your costs would be to act on our behalf.
I'm looking at purchasing an apartment in Ogmore By Sea valued at £256,000 the flat has just under 59 years unexpired on the lease. My offer was subject to a lease extension... .. that was back in August, hoping I'd be in before now. The seller has just informed the agent that they are prepared to knock £3k off if I deal with the lease extension myself. I'm unsure whether that's a good idea
My wife and I are buying a garden flat in Ogmore By Sea which has share of freehold and a leasehold. The lease was on the short side so the vendor is in the process of dealing with a lease extension. The owner has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the conveyancing process is for our solicitors to do a pre-completion search on the property title. The problem here is that as a lease extension has been submitted we've been told by our lawyers it may not be possible to do this "priority search" right now as the new property title number is not known. Is it correct that we have to be patient until the new lease is registered?
I am currently negotiating a lease extension for my flat in Ogmore By Sea 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?