Caerwent Lease Extensions: Q and A’s

  • My partner has an apartment based in Caerwent which we are about to put on the market. The leasehold has just over 54 years residual lease term on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we get started on a lease extension? Thank you.
  • I need to extend my existing lease can you help me with that? My investigation with the Land Registry reveal that it has 70 years outstanding
  • I'm wanting to make an offer on a house in Caerwent but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Barclays Direct giving us the mortgage now?
  • My co-lessees and I are in a block comprising five flats in Caerwent 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 inherited a garden flat in Caerwent. I am looking for a lease extension on the property. It is just under eighty years. I would just like to know what your charges are and how long the process takes.
  • I am looking for advice as I am interested in a property that has only a 58 year lease and therefore requires a lease extension. Is it possible for me to call someone to go through my options please?
  • Just been over 2 years that I have been in my 2 bed flat in Caerwent. I have sixety seven yrs remaining on the lease. I am now wanting to buy a share of freehold or extend my lease. I purchased the property for 342K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my conveyancing practitioners about the process, he answered most of my questions but just have one left: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to LVT)?
  • Just a quick question, how much does it cost for a lease extension on a residential property in Caerwent for a two bed flat - sec 42 is already served?
  • We are hoping to acquire a property (a two bedroom ground floor purpose built maisonette based inCaerwent with share of freehold). Throughout our search, we were always looking at properties that had at least eighty five years remaining. We identified a place we liked and the selling agent assured that the lease was long albeit not specifying a number. Yesterday our conveyancers informed us the lease only has sixety seven years and therefore needs a lease extension. Should we walk away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • My wife and I are concerned about getting a lease extension from tricky freeholder. Notwithstanding that the correct procedures were followed under the appropriate legislation, the freeholder still tried to charge ground rent of £250 doubling every 25 years of the new lease. Can you assist?
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    Lease Extensions in Caerwent

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