Lease Extensions in Abersychan

Sample questions relating to Abersychan Lease Extensions

I need to extend my existing lease can you assist? My investigation with the Land Registry reveal that it has 77 years unexpired

I am looking to purchase a garden flat in Abersychan with a lease of sixety four years but unsure how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.

I am looking into the costs of carrying out a lease extension for my maisonette in Abersychan, and would like some figures on that.

I am looking to either purchase the freehold or a lease extension of my property in Abersychan and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a refinance with Bank of Scotland to release of equity. My adviser handling the remortgage suggested I get two estimates : one for the lease extension and one for outright acquisition .The lease commenced in 1972 and since then the ground rent has been raised from £15.00 per year to £125 per year.

I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?

My (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 am planning to extend the lease on my garden flat in Abersychan I am looking for a local company to calculate the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.

I own 70% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 58 years. I need a at my end. Can you advise please? I live near Abersychan and have a mortgage with Britannia.

I require an estimate to extend my aunt’s lease on a three bed flat in Abersychan. She already has a figure from the freeholder for a lease extension but I am far from certain if it is too high.

I am currently negotiating a lease extension for my flat in Abersychan 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?

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