Common questions relating to Barry Island Lease Extensions

  • We agreed with the freeholder for a lease extension on our flat in Barry Island, 15.5k for another 90yrs. Are you willing to guide us with this situation ?
  • I am looking for a lease extension on the lease on my one bedroom apartment in Barry Island which will have seventy two years remaining in November. What fees do you charge for this?
  • I want to buy a leasehold property and extend the lease. The current owner has been there for three years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • We have seen a house for sale for £215k and we are very keen on but we've just discovered that it is leasehold. There are 798 years left so a lease extension is not an issue. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for twenty years without owning the property. Any advice would be much appreciated.
  • We own a leasehold with a freeholder who has failed to respond by way of a counter-notice for a lease extension for our flat in Barry Island and looking to do a vesting order. Is this something you can do for us?
  • My wife and I have a one bedroom flat based in Barry Island. There is eighty years to run on the lease and we want a lease extension. How much does it cost on average to extend in this area by, say,thirty years
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • I an interested in finding out more about purchasing a leasehold residence. We intend to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Barry Island area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?
  • We have owned a leasehold flat for around eighteen years. There are 69 years remaining on the lease. Following a year of protracted 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 some independent thoughts.
  • Me and my wife are in the throws of buying a home (a maisonette based inBarry Island with share of freehold). Throughout our search, we were always looking at apartments that had at least ninety years balance left. We came across a apartment we liked and the selling agent assured that the lease term was not an issue. Today our informed us the lease only has sixety two years and therefore needs a lease extension. Do we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?

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