Borth Y Gest Lease Extensions: Q and A’s

  • Hi, I just randomly found this site. I'm looking for prices on what it cost to extend a lease of a ground floor flat located in Borth Y Gest. It's up for sale at the moment but has just under sixety nine years left on the lease
  • I think our has advised us incorrectly concerning a lease extension and I want to know how to go about making a formal complaint
  • We have seen a house for sale for £185,000 and we are very keen on but we've just discovered that it is leasehold. There are 899 years outstanding so a lease extension is not required. 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 25 years without owning the property. Any feedback would be much appreciated.
  • I am going to purchase a flat based in Borth Y Gest. My offer is subject to the lease extension. The vendor’s has served the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender National Westminster Bank. Moreover, which are the following lease extension steps to complete the purchase?
  • I am looking into the costs of carrying out a lease extension for my GFF in Borth Y Gest, and would like some figures on that.
  • I would like to know the likely cost and the optimum way to get a lease extension started? I have nearon fivety four years remaining and I own a one bedroom first floor purpose built maisonette in Borth Y Gest.
  • I am the freeholder of a Victorian property split into two flats. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 72 years. What are my next steps?
  • Although I do not need a lease extension but I do require a vesting order on a property I want to acquire in Borth Y Gest. The house is freehold but the garden is officially leasehold, 1000 year lease from 1895. Its the garden area.
  • I have 76 years remaining on my lease of a ground floor flat in Borth Y Gest, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
  • I have a lease of seventy two years remaining on my flat in Borth Y Gest. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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