Recently asked questions relating to Bassaleg Lease Extensions

  • I acquired a three bedroom ground floor purpose built maisonette in Bassaleg. I am looking for a lease extension on the property. It is approximately eighty years. I would just like to know what your charges are and how long it would take for completion.
  • I am looking to either purchase the freehold or a lease extension of my property in Bassaleg and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously refinance with Chelsea Building Society to release of equity. My adviser dealing with the remortgage suggested I get two estimates : one to extend the lease and one for the freehold purchase .The lease commenced in 1972 and since then the ground rent has increased from £15.00 per annum to £200 per year.
  • I am considering acquiring an auction property and found a one bed flat in Bassaleg. It has just fifty year lease..the seller as mortgagees in possession dont want to mess around with seeking a lease extension..what are the disadvantages of this except for the costly fee to put a new lease on it and reduced chance of getting a mortgage with Clydesdale?
  • My husband and I are considering purchasing a one bedroom apartment in Bassaleg which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what occurs when lease ends, how much it costs to extend it, can the freeholder of the property evict me from my own flat and prevent me from extending the lease?
  • I am in need of a lease extension for my flat in Bassaleg and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • My brother has a share of freehold, with two other leaseholders in a building in Bassaleg. House split into three flats. He has a lease, which has slightly more than 57 years outstanding. How much would it cost for a lease extension and how many years would he need to extend by?
  • I am in need of some help with a lease extension. I live in Dublin but the property in question is based in Bassaleg. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I own the freehold reversion of a property in Bassaleg and a leaseholder has requested a lease extension. Her so called valuation expert has provided a figure of £9,000, but has upped this by £2,000 without too much effort. My surveyor has suggested a much higher figure. Negotiations have broken down so it looks at though we need to go to a FTT. 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 fee would I be likely to face?
  • I'm seeking some assistance concerning extending the lease on my flat. The plan is to do this next summer 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 tribunal route. Do I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?
  • We have a studio flat in Bassaleg with a lease of sixety two years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?
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    Lease Extensions in Bassaleg

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