Rhuddlan Lease Extension - Your Legal Fees Calculator
Rhuddlan Lease Extensions: Q and A’s
I own a leasehold flat in the Rhuddlan area and was wondering if I could get a lease extension. What are your processes and charges. Has sixety two years left
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 residual lease term 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 twenty years without owning the property. Any information would be much appreciated.
I plan on buying a flat located in Rhuddlan. The offer is conditional upon a lease extension. The flat owner’s conveyancing practitioners has given to the freeholder 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 Nationwide Building Society. Moreover, which are the following lease extension steps to complete the purchase?
I'm considering purchasing a ground floor flat (leasehold) but the freeholder has been absent for nearly 15yrs. I wonder whether it will be cheaper to try to buy the freehold or to get a lease extension and apply for right to manage?
I am looking into the costs of carrying out a lease extension for my garden flat in Rhuddlan, and would like some figures on that.
Regarding a property in Rhuddlan. upper maisonette. 56 yrs remaining. I have negotiated a lease extension price of £12,000 for 135yrs. Landlord also insisted on Notice of Claim which I think should not be necessary. Advice required.
My son has a share of freehold, with two other leaseholders in a building in Rhuddlan. House divided into three apartments. He has a lease, which has around sixety eight years outstanding. How much would it cost for a lease extension and how many years would he need to extend by?
Are you able to provide an estimate to extend my mother’s lease on a garden flat in Rhuddlan. She already has a figure from the freeholder for a lease extension but I am not sure it is too high.
I am currently negotiating a lease extension for my flat in Rhuddlan 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?
We have a studio flat in Rhuddlan with a lease of 61 years left with a value of around £410000 we want to add 90 years to it, how much is that likely to cost?