Top Ten Questions relating to Builth Wells Lease Extensions

  • We have just acquired a two bedroom second floor purpose built maisonette inBuilth Wells and I'm considering extending the lease as soon as practicable e.g. after two years
  • I own a maisonnette together with the freehold. The owners of the downstairs flat have asked to extend the lease what do I need to do?
  • I am looking into the costs of carrying out a lease extension for my 2 bed flat in Builth Wells, and would like some figures on that.
  • I'm looking for a flat to purchase in Builth Wells and I'm not really familiar with the leasehold arrangement. I've found a garden flat I like with a 91 years lease. My research reveals that I can get a lease extension after a couple of years, but:- Is this a given?
  • My brother and I are considering buying a two bedroom second floor purpose built flat in Builth Wells which is a leasehold. I am wondering what are the advantages and disadvantages of that - what happens when lease ends, the cost of a lease extension, can the freeholder of the land evict me from my own flat and block me from extending the lease?
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously told that I have to have the finances in place before I set the ball rolling, is this correct?
  • My lawyers (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • I have a leasehold property in Builth Wells with 66 years left on the lease. I am looking for a lawyers to help me get a lease extension. Can you assist?
  • I am currently in the process of remortgaging my studio flat in Builth Wells and the mortgage company that I am looking to switch to requires a minimum 80 years remaining on the lease in order for them to progress matters. I have found that I currently have around 60 years on the leasehold so looking for some help, guidance, and some quotes to start the lease extension process
  • We currently own a studio flat in Builth Wells and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 69 years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Can you offer some advice on this? Should I contact the landlord first and will they be able to give me a cost?
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    Lease Extensions in Builth Wells

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