Frequently asked questions relating to Barry Lease Extensions

  • Hi, I just randomly found your site. I'm seeking prices on what it cost to extend a lease of a 2 bed apartment in Barry. It's on sale at the moment but has about 66 years unexpired lease on the lease
  • Hi, I am looking somewhere around or in Barry 8-10 years lease remaining houses. I dont know if I am on the right site. Can I find lease remaining houses from here?
  • I invested in buying a ground floor flat located in Barry with a leasehold unexpired of fivety seven years. I am wondering about how much it will cost me to extend my lease
  • 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 Barry, and my lease will reach 55 years this February. 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 located in Barry. My offer is conditional upon a lease extension. The flat owner’s has served 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 Santander. Moreover, which are the following lease extension steps to complete the purchase?
  • I am considering whether to purchase the freehold or a lease extension of my property in Barry and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously get a new mortgage with Lloyds TSB Bank to free up equity. My broker dealing with the remortgage suggested I get two quotes : one to extend the lease and one for outright purchase .The lease began in 1991 and since then the ground rent has been raised from £15.00 per year to £200 per year.
  • My fiance and I have owned a leasehold flat for approximately eighteen years. There are sixety one years unexpired lease on the lease. After a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to LVT and would appreciate advice.
  • Me and my partner have been in discussion with our freeholder after having a valuation on our two bedroom first floor purpose built flat in Barry. We have a fivety four year lease and we wish to increase this to 99. The Freeholder has given us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • I'm looking for some advice with regard to extending the lease on my apartment. The plan is to do this in nine months time as we have to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. Can you recommend a good with expertise in lease extensions. Preferably based in Barry?

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