Bryn Y Baal Lease Extensions: Q and A’s

  • I’m about to offer on a maisonette to buy in the Bryn Y Baal area and was curious how much would it cost for a lease extension? It has sixety five years remaining...
  • Hi, I just randomly found this website. I'm seeking prices on what it cost to extend a lease of a studio flat based in Bryn Y Baal. It's on sale at the moment but has circa 55 years left on the lease
  • I purchased a property in Bryn Y Baal and it has approximately 72 years residual lease term. I'd like to extend the lease period
  • I am going to purchase a flat based in Bryn Y Baal. The offer is conditional upon a lease extension. The seller’s conveyancers has served the Section 42 Notice. 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 Alliance & Leicester . Moreover, which are the following lease extension steps to complete the purchase?
  • We are selling our maisonette in Bryn Y Baal but we may need to extend the lease, or at least cover the expense of our buyers. Are you able to help me find someone to assist?
  • Is it possible to talk with you about an apartment in Bryn Y Baal, I am thinking of bidding at auction in the next few days. The flat only has a few years outstanding and I wanted to inquire about what it would cost to get a lease extension and for your services.
  • My husband and I have owned a leasehold flat for approximately fifteen years. There are seventy eight years left on the lease. After a year of difficult negotiations through my property lawyers 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 welcome advice.
  • My and my partner know that others in the same building had already had a lease extension, and the landlord seemed amenable. Therefore is seems worth taking risk of avoiding a formal survey and base the initial offer on previous premiums paid . This would save on double valuation charges. Is this advisable?
  • I am currently negotiating a lease extension for my flat in Bryn Y Baal 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?
  • I have a lease of 62 years remaining on my flat in Bryn Y Baal. 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?
  • Other Topics

    Lease Extensions in Bryn Y Baal

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