FAQs concerning Bryn Y Baal Lease Extensions

  • I’ve just acquired a maisonette based inBryn Y Baal and I'm deliberating extending the lease as soon as I can e.g. after a couple of years
  • I bought a flat in Bryn Y Baal with a leasehold unexpired slightly more than 63 years and need a lease extension. Please can you advise me of the next stages
  • My neighbours and I are in a block comprising three flats in Bryn Y Baal and have been offered to buy the freehold for 7k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I acquired a garden flat in Bryn Y Baal. I am looking for a lease extension on the property. It is approaching eighty years. I would just like to know what your charges are and how long it would take for completion.
  • I will soon view a one bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has 62 years unexpired on the lease. It is also a repo so I'm guessing that the vendor will not be interested in extending the lease. My primary concern is would the short lease make it difficult to secure a mortgage?
  • Regarding a property in Bryn Y Baal. GFF maisonette. seventy yrs remaining. I have an agreed lease extension to £12,000 for 135yrs. Freeholder also requested Section 42 Notice which I think should not be required. Advice required.
  • We have a leasehold flat in Bryn Y Baal with seventy one years unexpired. Last year we were quoted a deal to receive a lease extension for another 25 years but also increase ground rent from notional to a little more..plus a premium I think of approximately 9k. We have now decided to proceed but do we now have to start the negotiations again?
  • I am looking to buy a one bed flat in Bryn Y Baal for asking price of 145k, which has 58 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 question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
  • We have a studio flat in Bryn Y Baal with a lease of sixety five years left with a value of around £370000 we want to add 125 years to it, how much is that likely to cost?

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