Skewen Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Skewen Lease Extensions
I have been in touch with my freeholder to extend my lease for my flat in Skewen. His conveyancing practitioners has been in contact regarding charges etc. I need a quote for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started June 1992.
I am going to purchase a flat located in Skewen. My offer is subject to the lease extension. The flat owner’s conveyancers has served the Notice of Claim. 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 am looking into the costs of carrying out a lease extension for my 2 bed flat in Skewen, and would like some figures on that.
I am the registered owner of a three bedroom second floor purpose built maisonette in Skewen. I am looking to extend lease on the property. It is nearon eighty one years. I would just like to know what your charges are and how long it would take for completion.
I am concerned that my daughter might have had the wool pulled over her eyes. She put in an offer on a two bedroom second floor purpose built maisonette in Skewen, where the lease is nearon fivety four years but she was informed by the estate agents that the owner had extended it to 125 years. She has now been told the current owner was holding off for her to appoint solicitors ahead of instigating the lease extension. Sounds unscrupulous, also it will take months to sort it all out. What do you think?
I am thinking about purchasing an auction property and identified a studio flat in Skewen. It has just 49 year lease..the vendor as mortgagees in possession dont want the aggravation of seeking a lease extension..what are the drawbacks of this other than the costly fee to put a new lease on it and decreased chance of getting a mortgage with Alliance & Leicester ?
Me and my husband are considering buying a garden flat in Skewen which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what happens when lease expires, the cost of a lease extension, can the freeholder of the land evict me from my own flat and block me from having a lease extension?
Offer accepted on a a garden flat in Skewen, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer sent through which states the lease as 82 years.We are about to exchange contracts in a couple of days. My question is Should I tell the seller that I will only proceed with the purchase (at the same price) on the condition they carry out a lease extension?
I note that your website states the likely fee for dealing with a lease extension is £495. Is that the all inclusive cost including value added tax and the HMLR fee? The premium has already been negotiated with the freeholder for the lease extension for my three bedroom ground floor purpose built flat in Skewen
I am currently negotiating a lease extension for my flat in Skewen 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?