Blaenavon Lease Extensions

Blaenavon Lease Extensions: Q and A’s

I am looking for a lease extension on the lease on my maisonette in Blaenavon which will have 71 years left in June. What fees do you charge for this?

I am looking at investing in a second home but it has a lease that expires in twenty years. Its in Blaenavon - I wanted to see if with your services this could be extended?

I have a lease of sixety three years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?

This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?

I am a FTB of a leasehold flat in Blaenavon. The lease has only 55 years unexpired and ground rent is £25. Is it possible for the vendor to serve the Section 42 Notice and then transfer this right to me as the buyer on the day of completion so that I can avoid waiting for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time costly to the vendor? Unfortunately it’s the case of an missing freeholder, so I am not sure how does it work.

I intend to buy a one bed flat in Blaenavon for asking price of 145k, which has 66 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?

My husband and I have owned a leasehold flat for around twenty years. It now has 62 years left on the lease. Following a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to LVT and would appreciate advice.

Coming up to two years that I have been in my maisonette in Blaenavon. I have fivety four years outstanding on the lease. I am now looking either to purchase a share of freehold or extend my lease. I acquired the property for 342K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?

I am currently negotiating a lease extension for my flat in Blaenavon 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?

Do you handle lease extensions on land? (a plot of land in Blaenavon with 82yrs remaining)

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