Pentre Halkyn Lease Extension - Your Legal Fees Calculator
Sample questions relating to Pentre Halkyn Lease Extensions
I just completed on a property in Pentre Halkyn and it has about 79 years left. I'd like to extend the lease period
We have seen a house for sale for £185,000 and we are very interested but we've just found out that it is leasehold. There are 928 years balance left so a lease extension is not an issue. 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 true? We wouldn't want to pay a mortgage for twenty years without owning the property. Any suggestions would be much appreciated.
I am looking to purchase a ground floor flat in Pentre Halkyn with a lease of 66 years but not sure what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
My co-lessees and I are in a building containing three flats in Pentre Halkyn and have been offered to buy the freehold for 7k 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?
Me and my wife are proceeding with buying a one bed flat in Pentre Halkyn. I was assured that the lease had been lengthened (74 years left prior to extension). The description on the listing stated "sold with a long lease". It transpires as we are about to exchange of contracts we find that the lease has not been extended. The seller apparently has a quote but no finances to extend and consequently the flat owner wishes to exchange and use the my deposit for the lease extension. My question is why has this only just been brought to my attention by my conveyancers?
I am planning to get a lease extension and am wondering what step I have to do first, I have been previously advised that I have to have the finances in place before I initiate the process, is this correct?
I am planning to extend the lease on my one bed flat in Pentre Halkyn I am looking for help to verify the premium. I have a quote from the landlord. I would like to go forward as soon as possible, but for the right premium and fee.
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 extending the lease?
I am currently negotiating a lease extension for my flat in Pentre Halkyn 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?
I was hoping you might be able to tell me the process of how to apply for a lease extension for my garden flat in Pentre Halkyn