Lease Extensions in Rumney

Examples of recent questions relating to Lease Extensions in Rumney

Hello. I need a to have a look at my lease extension ahead of it being signed just to make sure there's nothing that I haven't seen - it's just a reissue with a few minor changes.

I have my suspicions that my niece is being hoodwinked. She put in an offer on a studio flat in Rumney, where the lease is slightly more fivety eight years but she was told by the estate agents that the owner had extended it to 99 years. Only now has she been advised the vendor was waiting for her to instruct lawyers before commencing with the lease extension. Sounds devious, also it may take time to sort it all out. What do you think?

I am thinking about buying an auction property and found a one bed flat in Rumney. It only has a 49 year lease..the seller being mortgagees in possession will not want to mess around with applying for a lease extension..what are the disadvantages of this other than the expensive fee to put a new lease on it and reduced chance of obtaining a mortgage with Britannia?

We have a leasehold flat in Rumney with 60 years left. Ten months ago we were quoted a deal to have a lease extension for a further thirty years but also increase ground rent from notional to a little more..plus a premium I think of approximately 14k. Finally we have decided to move forward but do we now have to renegotiate?

I intend to buy a one bed flat in Rumney for asking price of 125k, which has sixety one 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 query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?

My husband and I have been in discussion with our freeholder after having a valuation on our one bedroom apartment in Rumney. We have a seventy one year lease and we wish to increase this to 99. The Freeholder has given us with a financial figure that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on our behalf.

I am the registered freeholder to two flats. Someone has the lease on the garden flat in Rumney. I live in the upper flat. I was reviewing the title deeds yesterday when I noticed that my flat is leasehold. There is seventy two years left on the lease. If I want to do a lease extension then would I simply be paying for the costs?

I'm looking for some advice concerning extending the lease on my flat. I'll be looking to do this in nine months time as we need 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. Can you recommend a good who specialises in lease extensions. Ideally based in Rumney?

We currently own a garden flat in Rumney and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 79 years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Do you have some advice on this? Do I contact the freeholder first and will they be able to give me a cost?

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?

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