Barry Island Lease Extensions: Q and A’s

  • I’m about to offer on a ground floor flat to buy in the Barry Island area and was enquiring what the likely fees would be for a lease extension? It has 78 years residual lease term...
  • I purchased a flat in Barry Island with a leasehold unexpired just under 74 years and need a lease extension. Please can you advise me of the next stages
  • I want to buy a leasehold property and lease extension. The current owner has been there over 2 years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I am looking for a in Barry Island and they should be on the Platform Home Loans Ltd approved conveyancers panel as we need a lease extension and remortgage at the same time. Are you able to recommend a ?
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Barry Island, and my lease will reach 79 years this February. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?
  • I need to talk to you about a flat in Barry Island, I am considering buying at auction in the next few days. The flat only has a few years unexpired lease and I was wondering about how much it would cost to get a lease extension and for your services.
  • Hi I own the freehold interest in a 2 bedroom flat in Barry Island. The leaseholder has a sixety eight year lease and would like to purchase another 125 years. He is offering me £27,000 but I am not sure if this is a correct amount
  • We currently own a ground floor flat in Barry Island 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 sixety years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Do you have some advice on this? Should I contact the landlord first and will they be able to give me a cost?
  • I am currently negotiating a lease extension for my flat in Barry Island 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?
  • I'm looking for some advice with regard to a lease extension on my maisonette in Barry Island. I'll be looking to do this sometime next year as we need to move at some point 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 tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

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