Pontprennau Lease Extension - Your Legal Fees Calculator
Questions and Answers: Pontprennau Lease Extensions
We have seen a house for sale for £185,000 and we are very interested but we've just discovered that it is leasehold. There are 899 years remaining so a lease extension is not a worry. 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 25 years without owning the property. Any feedback would be much appreciated.
This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
I own a three bedroom first floor purpose built maisonette in Pontprennau. The start date for the lease was in 1992 for 99 years. Now I am wanting for a lease extension. I am in the dark about further expenses, could you tell me please how much I should expect to spend on this?
It says on your website the anticipated fee for dealing with a lease extension is £495. Is that the all inclusive cost including vat and the land registry fee? The price has already been negotiated with the freeholder for the lease extension for my one bedroom first floor purpose built flat in Pontprennau
I'm looking at acquiring an apartment in Pontprennau at a price of £210,000 the flat has approximately 63 years unexpired on the lease. My offer was conditional upon a lease extension... .. that was back in November, hoping I'd have moved in before now. They have just come back saying they'll knock £4k off if they don't have to deal with the lease extension. I'm not sure if I should take them up on the offer
I am the freeholder of a property in Pontprennau and a leaseholder has requested a lease extension. Her valuer has provided a figure of £8,000, but has increased this by £2,000 without too much effort. My surveyor has recommended a much higher figure. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to a FTT, can I deal with this myself, just armed with the valuations I have? If not, what costs would I be likely to incur?
My sister is worried about obtaining a lease extension from a difficult landlord. Regardless of the fact that the correct procedures were adhered to under the appropriate legislation, the freeholder still tried to get ground rent of £250 increasing by 100% every twenty five years of the new lease. Can you assist?
I am planning on refinancing my garden flat in Pontprennau and the bank that I am looking to move to requires at least 80 years on the leasehold of my property in order for them to take the mortgage forward. I have found that I currently have around fivety nine years on the leasehold so looking for some advice, guidance, and some quotes to set the wheels in motion for a lease extension
I am currently negotiating a lease extension for my flat in Pontprennau 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 Pontprennau with 82yrs remaining)