Questions and Answers: Aberdare Lease Extensions

  • I am the registered owner of a flat in Aberdare with a leasehold unexpired circa seventy three years and need a lease extension. Please can you clarify the next steps
  • I have an interest in the freehold of 2 blocks of flats comprising of six flats each. 2 of the leasehold owners want to extend their leases and I'm enquiring about the procedure for this
  • I am looking for a lease extension on the lease on my one bedroom apartment in Aberdare which will have sixety six years unexpired lease in August. What fees apply?
  • What will I need to spend and what is the best way to get a lease extension started? I have slightly less than 67 years remaining on my lease on a garden flat in Aberdare. I have called the managing agents who act on behalf of the landlord and they sent me the number for the surveyor. I left a phone message for the valuer but I am not receiving any kind of response.
  • My mortgage provider is requesting a £450 fee for their to agree a lease extension for my flat in Aberdare... I can find no reference of this in my mortgage contract... is this a normal fee to pay?
  • I am looking at buying an auction property and identified a studio flat in Aberdare. It has just fifty year lease..the seller being mortgagees in possession dont want to mess around with applying for a lease extension..what are the disadvantages of this other than the huge fee to put a new lease on it and decreased chance of getting a mortgage with Santander?
  • I'm looking at buying an apartment in Aberdare at a price of £195,000 the flat has just under seventy four years unexpired on the lease. I put in an offer subject to a lease extension... .. that was back in August, hoping I'd have completed before now. They have just come back saying that they are prepared to reduce the price by£7k if they don't have to deal with the lease extension. I'm unsure if I should take them up on the offer
  • Hopefully an easy question for you, how much does it cost for a lease extension on a residential property in Aberdare for a one bed flat - section 42 having been issued?
  • Me and my partner are hoping to purchase a property (a studio flat inAberdare with share of freehold). Throughout our search, we were always looking at flats that had at least 83 years remaining. We came across a place we liked and the selling agent promised us that the lease term was not an issue. Today our advised us the lease only has fivety four years and thus needs a lease extension. Do we run 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?
  • My wife and I are aware that others in the same building previously had a lease extension, and the landlord seemed reasonable. It therefore appears worth taking risk of avoiding a formal valuation and base the initial offer on on the prices by others . This would save on double valuation fees. Would you suggest this course of action?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Aberdare