Pensysarn Lease Extension - Your Legal Fees Calculator
FAQs concerning Pensysarn Lease Extensions
We have seen a house for sale for £185,000 and we are very keen on but we've just found out that it is leasehold. There are 899 years remaining so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any suggestions would be much appreciated.
I am looking to purchase a studio flat in Pensysarn with a lease of 71 years but unsure what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
I am looking to either purchase the freehold or a lease extension of my property in Pensysarn and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a refinance with Alliance & Leicester to release of equity. My broker handling the remortgage suggested I get two quotes : one to extend the lease and one for outright acquisition .The lease began in 1981 and since then the ground rent has increased from £38.00 per year to £100 per annum.
I am a FTB of a leasehold flat in Pensysarn. The lease has only sixety two years remaining and ground rent is £50. Is it possible for the vendor to serve the Notice of Claim and then assign over the right to me as the buyer on the day of completion so that I can avoid waiting for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the flat owner? Unfortunately the landlord is absent, so I am not sure how does it work.
My dad has a share of freehold, with two other leaseholders in a building in Pensysarn. House split into three apartments. He has a lease, which has slightly more than 68 yrs unexpired lease. How much would it cost for a lease extension and how many years would he need to extend by?
I am the freeholder of a 1930’s property split into two flats. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 75 years. What are my next steps?
We are in the throws of buying a flat (a two bedroom second floor purpose built maisonette based inPensysarn with share of freehold). Throughout our search, we were always looking at flats that had at least eighty five years remaining. We identified a apartment we liked and the selling agent promised us that the lease term was not an issue. Yesterday our lawyers told us the lease only has seventy years and therefore requires a lease extension. Do we run away, or do 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 have 64 years remaining on my lease of a ground floor flat in Pensysarn, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high
I have a lease of sixety four years remaining on my flat in Pensysarn. 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?
I'm looking for some advice with regard to a lease extension on my garden flat in Pensysarn. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Can you recommend a good conveyancing practitioners who specialises in lease extensions?