Penarth Lease Extension - Your Legal Fees Calculator
Common questions relating to Penarth Lease Extensions
I own a ground floor flat in Penarth with a leasehold unexpired of sixety seven years. I am enquiring about how much I will need to spend to extend my lease
I plan on buying a flat in Penarth. My offer is conditional upon a lease extension. The vendor’s conveyancers has served the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender HSBC Bank. Moreover, which are the following lease extension steps to complete the purchase?
We are selling our ground floor flat in Penarth but we may need to extend the lease, or at least cover the expense of our buyers. Are you able to recommend someone to handle this?
I am thinking about whether to purchase the freehold or a lease extension of my property in Penarth 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 Lloyds TSB Bank to free up equity. The adviser handling the remortgage suggested I get two quotes : one for the lease extension and one for outright purchase .The lease began in 1979 and since then the ground rent has increased from £25.00 per year to £200 per year.
Regarding a leasehold in Penarth. GFF maisonette. 64 yrs unexpired. I have an agreed lease extension to £14k for 115yrs. Landlord also insisted on Notice of Claim which I think is a bit over the top. Advice required.
I have a share of the freehold. There are four flats in the building. All the leaseholders are now requiring lease extensions. Are you willing to help us with this situation?
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?
It says on your website the likely fee to extend a lease is £495. Is that the total cost excluding value added tax and the land registry fee? The price has already been agreed with the freeholder for the lease extension for my garden flat in Penarth
I require an estimate to extend my aunt’s lease on a two bedroom first floor purpose built maisonette in Penarth. She already has a price from the landlord for a lease extension but I am far from certain if it is reasonable.
I have a lease of 59 years remaining on my flat in Penarth. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?