Rudry Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Rudry Lease Extensions
I am the registered owner of a flat in Rudry with a leasehold unexpired circa 76 years and need a lease extension. Please can you clarify the next steps
I would like to have my residential flat leasehold extension premium assessed. The flat is in Rudry, and my lease will reach 70 years this January. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
I have a share of the freehold. There are five apartments in the house. All the leaseholders are now requiring lease extensions. What are the timescales to grant a lease extension?
I intend to buy a one bed flat in Rudry for asking price of 145k, which has 69 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
My husband has a share of freehold, with two other leaseholders in a building in Rudry. House split into three apartments. He has a lease, which has around 62 years left. How much would it cost for a lease extension and how many years would he need to extend by?
My partner and I would like to know the cost of a lease extension valuation for a property based in Rudry. Is this something you can help us with?
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 doing it?
I have a freehold of a one bedroom flat in Rudry. The leaseholders have fivety five years on a lease and wants to purchase another 90 years. The have offered me 22k. Is this around the right price?
Me and my sister are in the throws of buying a flat (a ground floor flat located inRudry with share of freehold). During our search, we were always looking at flats that had a minimum 83 years residual lease term. We identified a flat we fell in love with and the selling agent promised us that the lease was long albeit not specifying a number. This morning our conveyancing practitioners told us the lease only has 66 years and therefore requires a lease extension. Do we walk 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 Rudry 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?