Top Ten Questions relating to Caersws Lease Extensions

  • My husband and I have just acquired a studio flat based inCaersws and I'm deliberating extending the lease as soon as practicable e.g. after a couple of years
  • I am looking for a lease extension on the lease on my ground floor flat in Caersws which will have 71 years remaining in August. What fees apply?
  • We have seen a house for sale for £185,000 and we are very keen on but we've just found out that it is leasehold. There are 928 years remaining 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.
  • I have a lease of seventy nine years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • I need to talk to you about a leasehold property in Caersws, I am considering bidding at auction in the next few days. The flat has a short lease and I wanted to inquire about what it would cost to get a lease extension and for your services.
  • I am looking to either purchase the freehold or a lease extension of my property in Caersws and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a refinance with HSBC Bank to free up equity. My adviser handling the remortgage suggested I get two estimates : one for the lease extension and one for the freehold acquisition .The lease began in 1979 and since then the ground rent has increased from £25.00 per year to £125 per annum.
  • I am considering buying an auction property and came upon a one bed flat in Caersws. It has just 49 year lease..the current owner being mortgagees in possession dont want the aggravation of negotiating a lease extension..what are the drawbacks of this other than the huge fee to extend the lease and reduced chance of obtaining a mortgage with Barclays Direct?
  • I am the owner of a purpose-built apartment based in a large development in Caersws. The leasehold interest in the apartment on a 101 year lease started on 21st August 1969 with a non-reviewable yearly rent of 20. I wish to obtain a lease extension. Is it possible for me to call someone to go through my options please?
  • My nephew has a share of freehold, with two other leaseholders in a building in Caersws. House converted into three flats. He has a lease, which has slightly less than 65 years left. How much would it cost for a lease extension and how many years would he need to extend by?
  • Just been over 2 years that I have been in my one bedroom apartment in Caersws. I have 65 years outstanding on the lease. I am now looking either to buy a share of freehold or extend my lease. I acquired the property for 342K, it is now roughly 445k. 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: Is there a benefit in getting a Caersws based or any will do fine?

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