Questions and Answers: Arthog Lease Extensions

  • I need to extend my current lease can you help me with that? I think it has sixety nine years residual lease term
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Arthog, and my lease will reach 74 years this October. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • I am going to purchase a flat based in Arthog. The offer is subject to the lease extension. The vendor’s has given to the freeholder the Section 42 Notice. 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 Birmingham Midshires. Moreover, which are the following lease extension steps to complete the purchase?
  • The terms for the lease on my apartment in Arthog are 95 years from 10 Dec 1989. Please give me a quote to extend the lease if I give you more details please?
  • I'm looking for an apartment to purchase in Arthog and I'm not really familiar with the leasehold concept. I've identified a 2 bed flat I like with a 90 years lease. My research reveals that I can apply for a lease extension after a couple of years, but:- Should I anticipate any issue with my proposed mortgage lender Barclays Direct?
  • I am the owner of a purpose-built flat located in a small development in Arthog. The leasehold interest in the flat on a ninety five year lease which commenced on 1 August 1972 with a fixed ground rent of £15 per annum. I would like to obtain a lease extension. Is it possible for me to call someone to discuss my options please?
  • I an interested in finding out more about leasehold property buying. We are going to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Arthog area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?
  • We currently own a garden flat in Arthog and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has seventy eight years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Do you have some advice on this? Do I contact the freeholder first and will they be able to give me a cost?
  • Do you handle lease extensions on land? (a plot of land in Arthog with 82yrs remaining)

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