Pantymwyn Lease Extension - Your Legal Fees Calculator
Pantymwyn Lease Extensions: Q and A’s
We agreed with the head landlord for a lease extension on our flat in Pantymwyn, 8k for another 90yrs. Can you please help us with this situation ?
I'm about to make an offer on a house in Pantymwyn but I'm concerned 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 Chelsea Building Society giving us the mortgage now?
I am in need of a rough estimate of what a lease extension will cost for a flat I would like to buy. It has seventy one years residual lease term.
I am looking to either purchase the freehold or a lease extension of my property in Pantymwyn and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously get a new mortgage with Clydesdale to release of 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 began in 1991 and since then the ground rent has been raised from £25.00 per year to £300 per year.
I'm looking for an apartment to buy in Pantymwyn and I'm not really familiar with the leasehold title. I've identified a place I like with a 82 years lease. I've read that I can get a lease extension having owned the property for 2 years, but:- Should I be looking for some conditions that would prevent me for getting a lease extension?
My mortgage lender requires several hundred pounds for their conveyancing practitioners for a "deed of substituted security" for the lease extension for my flat in Pantymwyn... I am unable to find any mention of this in my mortgage literature... is this a standard charge?
I am a landlord of a block of flats in Pantymwyn, and the tenants are in the process of being given lease extensions. I anticipate receiving the money next week. As I am not on self assessment do I contact the tax man ?
Me and my husband would like to know the cost of a lease extension valuation for a property based in Pantymwyn. Is this something you can help us with?
We are acquiring a one bedroom ground floor purpose built flat in Pantymwyn which has share of freehold and a leasehold. The lease was on the short side so the vendor commenced extending the lease. The owner has submitted the lease extension paperwork to HMLR. An essential part of the conveyancing process is for our conveyancing practitioners to do a "priority search" on the lease. The concern here is that as a lease extension has been submitted we've been told by our solicitors it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it correct that we have to wait pending registration of the new lease?
I am the freeholder of a property in Pantymwyn where the leaseholder has requested a lease extension. Her so called valuation expert has provided a figure of £8,000, but has increased this by £2,000 at the drop of a hat. My valuer has recommended a much higher amount. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to tribunal, can I handle the matter myself, just equipped with the valuations I have? If not, what charges would I be likely to face?