Risca Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Risca Lease Extensions
I agreed with the head landlord to a lease extension on our flat located in Risca, 18k for a further 90yrs. How long is the process ?
I invested in buying a property in Risca and it has roughly fivety nine years left. I'd like to extend the lease period
I am looking for a property lawyers in Risca and they should be on the Barclays Direct approved conveyancers panel as we need a lease extension and remortgage simultaneously. Can you recommend a conveyancers ?
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?
My wife and I have a residential flat in Risca with 79 years left. Last year we were quoted a deal to have a lease extension for a further fifty years but also uplift the ground rent from notional to £200 per year..plus a premium I think of about 9k. Finally we have decided to go ahead but do we now have to renegotiate?
We are proceeding with a purchase of a ground floor flat in Risca. I was advised by the EA that the lease extension had already been completed while on a viewing (63 years left prior to extension). The sales particulars said "sold with a long lease". It turns out at the point of exchange of contracts we find that there has been no lease extension. The flat owner apparently has a quote but no finances to extend and consequently the current owner intends to exchange and use the 10% deposit to extend the lease. My question is as the lease hasn't been extended is there not a danger that Chelsea Building Society won't lend on a lease?
My brother has a share of freehold, with two other leaseholders in a building in Risca. House converted into three flats. He has a lease, which has nearly 65 yrs outstanding. How much would it cost for a lease extension and how many years would he need to extend by?
I am in need of some help with a lease extension. I live in Glasgow but the flat in question is based in Risca. I would be grateful if you can give me a call when you get a chance to discuss the case.
I'm living at mother and father but have a garden flat in Risca let out which has a 70 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Risca for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Should I keep or sell the flat?
My wife and I are aware that others in the same building had already had a lease extension, and the landlord was amenable. It therefore appears worth taking risk of avoiding a formal survey and base the initial offer on previous prices . This would save on double valuation charges. Is this advisable?