Barry Island Lease Extensions: Q and A’s

  • My name´s Hugo. I’m house hunting in Barry Island I'm considering offering on a garden flat online, with roughly 57 years unexpired lease, how much will it likely cost to extend in this area by, say, twenty years?
  • I need to extend my current lease can you help me with that? My investigation with the Land Registry reveal that it has 57 years left
  • I bought a studio flat in Barry Island. The start date for the lease was in 1991 for 99 years. Now I am wanting for a lease extension. I am uncertain about further expenses, could you tell me please how much I should expect to spend on this?
  • I'm considering buying a garden flat (leasehold) but the freeholder has been absent for slightly less than 15yrs. My question is would it be cheaper to try to buy the reversionary title or to extend lease and apply for right to manage?
  • I wondered if you could help me on how much it would cost and the optimum way to get a lease extension started? I have approximately seventy five years outstanding and I own a one bed flat in Barry Island.
  • I am looking to buy a one bed flat in Barry Island for asking price of 156k, which has 59 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I'm hoping for some advice with regard to extending the lease on my flat. I'll be looking to do this sometime next year as we need 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. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
  • Are you able to provide an estimate to extend my aunt’s lease on a garden flat in Barry Island. She already has a figure from the freeholder for a lease extension but I am not sure it is too expensive.
  • 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 ground floor flat 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. Can you recommend a good lawyers who specialises in lease extensions?
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    Lease Extensions in Barry Island

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