Pontllanfraith Lease Extension - Your Legal Fees Calculator
Questions and Answers: Pontllanfraith Lease Extensions
We are thinking about a lease extension for our apartment located in Pontllanfraith and we are confused by the letter that we received from our landlord company. What's your legal fee?
I want to acquire a leasehold property and lease extension. The homeowner has been there for three years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
I am looking to purchase a 2 bed flat in Pontllanfraith with a lease of 59 years but not sure how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
I am going to purchase a flat in Pontllanfraith. The offer is subject to the lease extension. The homeowner’s property lawyers 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 Bank of Ireland. Moreover, which are the following lease extension steps to complete the purchase?
I own 70% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 76 years. I need a solicitors at my end. Can you advise please? I live near Pontllanfraith and have a mortgage with Bank of Scotland.
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?
My husband and I are are hoping to complete on a maisonette in Pontllanfraith 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 seller has submitted the lease extension paperwork to HMLR. An essential part of the conveyancing process is for our solicitors to do OS1 search on the lease. The concern 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 lease title number has not been issued. Is it correct that we must be patient until the lease extension has actually been registered before completing.?
We are in the throws of buying a home (a one bedroom second floor purpose built flat located inPontllanfraith with share of freehold). During our search, we were always looking at properties that had at least 84 years left on the lease. We identified a flat we liked and the selling agent promised us that the lease term was not an issue. Today our conveyancing practitioners advised us the lease only has seventy nine years and therefore needs a lease extension. Do we run away, or should 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 am currently negotiating a lease extension for my flat in Pontllanfraith 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?
Do you handle lease extensions on land? (a plot of land in Pontllanfraith with 82yrs remaining)