Brecon Lease Extensions Example Support Desk Enquiries

  • I am looking to extend the lease on my three bed conversion flat in Brecon which will have seventy three years left in August. What fees apply?
  • We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 899 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 25 years without owning the property. Any suggestions would be much appreciated.
  • The intention is to sell our one bed flat in Brecon but we may need to extend the lease, or at least cover the costs of our buyers. Can you help me find someone to handle this?
  • I'm looking for a flat to buy in Brecon and I'm not really familiar with the leasehold tenure. I've found a studio flat I like with a 90 years lease. I've read that I can apply for a lease extension after a couple of years, but:- Should I anticipate any issue with my proposed mortgage lender Nottingham Building Society?
  • I am a first time buyer of a leasehold flat in Brecon. The lease has just 56 years outstanding and ground rent is £95. Is it possible for the current owner to serve the Initial Notice and then assign over the right to me as the purchaser once I complete the buying process so that I don't have to wait for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time consuming to the vendor? Unfortunately it’s the case of an missing freeholder, so I am not sure how this will play out.
  • I have my suspicions that my daughter is being hoodwinked. She put in an offer on a one bed flat in Brecon, where the lease is around 65 years but she was advised by the estate agents that the owner had extended it to 125 years. Only now has she been informed the seller was holding off for her to retain solicitors before commencing with the lease extension. Seems odd to me, also it could take time to sort it all out. Am I being too sceptical?
  • I am considering acquiring an auction property and came upon a studio flat in Brecon. It has just fifty-one year lease..the current owner as mortgagees in possession will not want to mess around with seeking a lease extension..what are the drawbacks of this except for the expensive fee to extend the lease and reduced chance of obtaining a mortgage with Alliance & Leicester ?
  • I am the freeholder of a Georgian property split into two apartments. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 77 years. What are my next steps?
  • I'm living at mum and dad but have a one bedroom apartment in Brecon let out which has a 78 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Brecon for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Should I keep or sell the flat?
  • I have a lease of 69 years remaining on my flat in Brecon. 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?

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