Top Ten Questions relating to Rumney Lease Extensions

  • I agreed with the landlord for a lease extension on our flat in Rumney, 9.5k for a further 90yrs. What's your solicitors fee ?
  • I am looking for a conveyancers in Rumney and they need to be on the Bank of Ireland approved conveyancers panel as we need a lease extension and refinance at the same time. Are you able to recommend a lawyers ?
  • I need to talk to you about an apartment in Rumney, I am thinking of buying at auction next month. The flat only has a few years remaining and I was wondering about what it would cost to get a lease extension and for your services.
  • Offer accepted on a a garden flat in Rumney, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer come through which states the lease as eighty years.Contracts were due to be exchanged in a couple of days. My query is Is it not odd that my conveyancing practitioners didn't pick this up far earlier than just before exchange?
  • I am in need of a lease extension for my flat in Rumney and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • My partner and I have owned a leasehold flat for around twenty years. It now has seventy eight years remaining on the lease. After a year of difficult negotiations through my solicitors and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to LVT and would appreciate some independent thoughts.
  • My wife and I are worried about seeking a lease extension from tricky landlord. Notwithstanding that the legal procedures were adhered to under the appropriate legislation, the freeholder still attempted to get ground rent of £200 increasing by 100% every 25 years of the new lease. Can you help?
  • My wife and I are aware that others in the same building previously had a lease extension, and the landlord seemed amenable. It therefore appears worth taking risk of avoiding a formal valuation and calculate the initial offer on previous premiums paid . This would save on double valuation charges. Would you suggest this course of action?
  • I am currently negotiating a lease extension for my flat in Rumney 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?
  • I have a lease of fivety six years remaining on my flat in Rumney. 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?
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    Lease Extensions in Rumney

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