Questions and Answers: Barry Lease Extensions

  • My wife agreed with the landlord to a lease extension on our flat located in Barry, 14.5k for an extension by 90yrs. Are you able to assist us with this situation ?
  • We have just bought a garden flat inBarry and I'm deliberating a lease extension as soon as possible e.g. in two years
  • Hello, I am looking somewhere around or in Barry 8-10 years lease remaining houses. I dont know if I am on the correct site. Can I find lease remaining houses from here?
  • I own a leasehold flat in the Barry area and was wondering whether I could get a lease extension. What are your processes and fees. There are 55 years remaining
  • I am looking into the costs of carrying out a lease extension for my two bedroom second floor purpose built flat in Barry, and would like some figures on that.
  • I am the registered owner of a maisonette in Barry. I am looking for a lease extension on the property. It is just over 80 years. I would just like to know what your charges are and how long the process takes.
  • I have my suspicions that my niece is being hoodwinked. She submitted an offer on a studio flat in Barry, where the lease is slightly more fivety eight years but she was advised by the selling agents that the current owner had extended it to 125 years. She has now been informed the homeowner was holding off for her to appoint conveyancers prior to commencing with the lease extension. Sounds devious, also it could take time to sort it all out. What do you think?
  • Just been over two years that I have owned my studio flat in Barry. I have 57 yrs remaining on the lease. I am now wanting to buy a share of freehold or extend my lease. I purchased the property for 342K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?
  • If a leaseholder owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
  • My nephew is worried about obtaining a lease extension from a difficult landlord. Notwithstanding that the legal procedures were followed under the 1993 Act, the landlord still tried to get ground rent of £200 increasing by 100% every twenty years of the new term. Can you help?

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