Presteigne Lease Extension - Your Legal Fees Calculator
Questions and Answers: Presteigne Lease Extensions
I own a leasehold flat in the Presteigne area and was enquiring if I could obtain a lease extension. What are your processes and fees. There are 58 years outstanding
I have a lease of 73 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
I am looking to either purchase the freehold or a lease extension of my property in Presteigne 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 Bank of Ireland to free up equity. The broker handling the remortgage suggested I get two quotes : one for the lease extension and one for outright purchase .The lease started in 1991 and since then the ground rent has increased from £38.00 per year to £300 per year.
I am a first time buyer of a leasehold flat in Presteigne. The lease has only fivety six years unexpired and ground rent is £25. Is it possible for the current owner to serve the Section 42 Notice and then transfer this right to me as the buyer once I complete the buying process so that I can avoid waiting for the 2 year requisite 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 consuming to the vendor? Unfortunately it’s the case of an absent freeholder, so I am not sure how this will play out.
My mortgage provider requires a £500 fee for their lawyers for a "deed of substituted security" for the lease extension for my flat in Presteigne... I can find no reference of this in my mortgage contract... is this a standard charge?
My wife and I have a ground floor flat in Presteigne with fivety eight years remaining. Last year we were quoted a deal to have a lease extension for a further thirty years but also uplift the ground rent from nominal to £250 per year..plus a premium I think of approximately 14k. We have now decided to go ahead but do we now have to renegotiate?
We have owned a leasehold flat for about eighteen years. It now has sixety three years left on the lease. Following a year of protracted negotiations through my property lawyers and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to a Tribunal and would appreciate some independent thoughts.
I am hoping to extend the lease on my studio flat in Presteigne I am looking for a local company to calculate 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.
I'm seeking some assistance with regard to extending the lease on my apartment. The intention is to do this sometime next year as we have to move 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. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
I have a lease of seventy three years remaining on my flat in Presteigne. 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?