Recently asked questions relating to Caerleon Lease Extensions

  • I’m about to offer on a one bedroom apartment to purchase in the Caerleon area and was after more information on how much would it cost to extend a lease? It has seventy nine years left...
  • We are considering buying a garden flat in Caerleon which is a leasehold. I am enquiring as to the pros and cons of that - what happens when lease expires, how much it costs to extend it, can the freeholder of the property evict me from my own flat and block me from having a lease extension?
  • I am planning to get a lease extension and am wondering what 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?
  • I am hoping to extend the lease on my garden flat in Caerleon I am looking for a local company to calculate the premium. I have a price from the landlord. I would like to go forward as soon as possible, but for the right premium and fee.
  • Me and my husband would like to know the cost of a lease extension valuation for a property based in Caerleon. Would you be able to help?
  • Coming up to two years that I have been in my three bedroom ground floor purpose built flat in Caerleon. I have fivety eight yrs unexpired lease on the lease. I am now wanting to purchase a share of freehold or extend my lease. I purchased the property for 350K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?
  • We have been in discussion with our freeholder after having a valuation on our maisonette in Caerleon. We have a 62 year lease and we wish to increase this to 99. The Freeholder has given us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • We are in the throws of buying a flat (a one bedroom apartment based inCaerleon with share of freehold). Throughout our search, we were always looking at apartments that had at least ninety years left on the lease. We came across a place we liked and the estate agent promised us that the lease term was not an issue. Yesterday our told us the lease only has seventy two years and therefore needs a lease extension. Should we run away, or do we reduce our offer?
  • My wife and I are concerned about getting a lease extension from an objectionable freeholder. Even though the correct procedures were adhered to under the 1993 Act, the freeholder still attempted to charge ground rent of £200 doubling every twenty years of the new lease. Can you help?
  • We currently own a one bedroom ground floor purpose built flat in Caerleon 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 sixety nine years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Do you have some advice on this? Should I contact the freeholder first and will they be able to give me a cost?

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