Questions and Answers: Aberystwyth Lease Extensions

  • I’m about to offer on a ground floor flat to purchase in the Aberystwyth area and was curious what the likely fees would be for a lease extension? It has 54 years remaining...
  • I am looking to extend the lease on my studio flat in Aberystwyth which will have sixety four years left in November. What fees are applicable?
  • We have seen a house for sale for £215k and we are very interested but we've just found out that it is leasehold. There are 798 years remaining so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for twenty years without owning the property. Any feedback would be much appreciated.
  • We are in a building made up four flats in Aberystwyth and have been offered to buy the freehold for £3,500 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I'm looking for an apartment to buy in Aberystwyth and I'm not really familiar with the leasehold arrangement. I've identified a ground floor flat I like with a 87 years lease. I've read that I can go for a lease extension after a couple of years, but:- Should I be looking for some caveats that would prevent me for getting a lease extension?
  • I intend to buy a one bed flat in Aberystwyth for asking price of 125k, which has 69 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I am in need of some help with a lease extension. I live in Belfast but the property in question is based in Aberystwyth. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • Just a quick question, how much is the premium payable for a lease extension on a residential property in Aberystwyth for a two bed flat - section 42 having been issued?
  • I know that others in the same building previously had a lease extension, and the freeholder seemed reasonable. It therefore appears worth taking risk of not having formal survey and base the initial offer on previous premiums paid . This would save on double valuation fees. Would you suggest this course of action?
  • Do you handle lease extensions on land? (a plot of land in Aberystwyth with 82yrs remaining)

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