Caldicot Lease Extensions

Examples of recent questions relating to Lease Extensions in Caldicot

I am seeking a lease extension for our apartment in Caldicot and we are confused by the communication that we got from our freehold company. How long will it take?

I inherited a flat in Caldicot with a leasehold unexpired roughly fivety four years and need to extend it. Please can you advise me of the next steps

I am going to purchase a flat located in Caldicot. The offer is subject to the lease extension. The current owner’s solicitors has served the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Birmingham Midshires. Moreover, which are the following lease extension steps to complete the purchase?

I am a FTB of a leasehold flat in Caldicot. The lease has only seventy five years balance left and ground rent is £95. Is it possible for the owner to serve the Section 42 Notice and then assign this right to me as the purchaser once I complete the buying process so that I don't have to wait for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time consuming to the current owner? To add to the complexity the landlord is absent, so I am not sure how does it work.

We have a one bedroom flat located in Caldicot. There is eighty years unexpired on the lease and we want a lease extension. How much will it likely cost to extend in this location by, say,fifty years

I own 70% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 60 years. I need a conveyancers at my end. Can you advise please? I live near Caldicot and have a mortgage with Bank of Ireland.

If somebody 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 doing it?

My and my husband know that others in the same block previously had a lease extension, and the landlord was reasonable. Therefore is seems worth taking risk of not having formal valuation and calculate the initial offer on previous prices . This would save on double valuation charges. Is this advisable?

Are you able to provide an estimate to extend my mother’s lease on a maisonette in Caldicot. She recently got a price from the freeholder for a lease extension but I am far from certain if it is too expensive.

I have 58 years remaining on my lease of a ground floor flat in Caldicot, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable

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