Y Felinheli Lease Extension - Your Legal Fees Calculator
Y Felinheli Lease Extensions: Q and A’s
I think our lawyers has advised us incorrectly concerning a lease extension and I want to know how to complain
I am looking for a conveyancing practitioners in Y Felinheli and they need to be on the TSB approved conveyancers panel as we need a lease extension and remortgage simultaneously. Can you recommend any please ?
I'm considering purchasing a garden flat (leasehold) but the freeholder has been missing for circa 15yrs. My question is would it be cheaper to try to purchase the freehold or to extend lease and apply for RTM?
I am thinking about whether to purchase the freehold or a lease extension of my property in Y Felinheli and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a get a new mortgage with Virgin Money to free up equity. The broker dealing with the remortgage suggested I get two quotes : one for the lease extension and one for outright purchase .The lease started in 1979 and since then the ground rent has increased from £25.00 per year to £300 per year.
I am about to view a two bedroom flat, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has 73 years unexpired on the lease. It is also a repo so I'm assuming that the bank will not be interested in doing a lease extension. My main concern is would the short lease make it difficult to secure a mortgage?
I wondered if you could help me on the likely charges and the best way to get a lease extension started? I have about 68 years outstanding and I own a ground floor flat in Y Felinheli.
I am planning to get a lease extension and am wondering which step I have to do first, I have been previously advised that I have to have the finances in place before I commence the process, is this correct?
My conveyancers (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
I have seventy four years remaining on my lease of a ground floor flat in Y Felinheli, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high
I have a lease of 77 years remaining on my flat in Y Felinheli. 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?