Common questions relating to Barry Island Lease Extensions

  • I bought a flat in Barry Island with a leasehold unexpired nearly 73 years and need a lease extension. Please can you advise me of the next steps
  • I am fairly sure that our has advised us incorrectly concerning a lease extension and I want to know how to go about making a formal complaint
  • I bought a ground floor flat in Barry Island. The lease commenced in 1997 for 99 years. Now I am looking to extend the lease. I am uncertain about further expenses, could you tell me please how much I should expect to spend on this?
  • I am a freeholder of a block of flats in Barry Island, and the tenants are in the process of being issued lease extensions. I anticipate receiving the money next month. How does the tax work, the property is co-owned with my wife ?
  • I am planning to get a lease extension and am wondering what step I have to do first, I have been previously advised that I have to have the finances in place before I set the ball rolling, is this correct?
  • We would like to know the cost of a lease extension valuation for a property based in Barry Island. Is this something you can assist us with?
  • I am the registered freeholder of a couple of flats. Someone has the lease on the garden flat in Barry Island. I live in the upper flat. I was reviewing the title deeds today when I noticed that my flat is leasehold. There is 77 years left on the lease. If I want a lease extension then would I simply be paying for the costs?
  • I am the freeholder of a property in Barry Island and a leaseholder would like a lease extension. Her valuer has suggested a figure of £8,000, but has increased this to £10,000 at the drop of a hat. My valuer has come back with £12,520. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to a FTT, can I handle the matter myself, just equipped with the valuations I have? If not, what costs would I be likely to incur?
  • I am currently in the process of refinancing my garden flat in Barry Island and the bank that I am looking to switch to requires at least 85 years remaining on the lease in order for them to take the mortgage forward. I have discovered that I currently have around seventy four years on the leasehold so looking for some help, guidance, and some quotes to start the lease extension process
  • We currently own a garden 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 73 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?

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