Common questions relating to Caldicot Lease Extensions

  • The intention is to sell our studio flat in Caldicot but we may need to extend the lease, or possibly cover the expense of our purchaser. Are you able to recommend someone to assist?
  • I'm looking for a flat to buy in Caldicot and I'm not really familiar with the leasehold tenure. I've identified a ground floor flat I like with a 91 years lease. My research reveals that I can get a lease extension having owned the property for 2 years, but:- Is this a given?
  • I am a first time buyer of a leasehold flat in Caldicot. The lease has just seventy four years outstanding and ground rent is £75. Is it possible for the seller to serve the Initial Notice and then transfer this right to me as the purchaser once I complete the buying process so that I can avoid waiting for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time costly to the current owner? Unfortunately it’s the case of an missing landlord, so I am not sure how this will play out.
  • How much will I need to spend and what is the best way to start the lease extension process? I have about 75 years left on my lease on a three bed flat in Caldicot. I have called the agent who act on behalf of the landlord and they provided me with the number of the valuer. I have contacted the surveyor but I am not getting any calls back.
  • We had entered into buying a garden flat in Caldicot. I was assured that the lease had been lengthened (73 years left prior to extension). The sales particulars stated "sold with a long lease". It turns out at the point of exchange of contracts we find that the lease has not been extended. The vendor apparently has a quote but no funds to extend as a result the flat owner wants to exchange and use the my deposit for the lease extension. My question is is it not odd that my failed to pick this up far earlier than just before exchange?
  • I am seeking advice as I am interested in a property that has only a 74 year lease and therefore requires a lease extension. Can I talk with someone to go through my options please?
  • My (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 would like some help on purchasing a leasehold residence. We hope to buy a link detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Caldicot area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
  • It says on your website the anticipated fee for dealing with a lease extension is £495. Is that the all inclusive cost excluding vat and the HMLR fee? The premium has already been agreed with the freeholder for the lease extension for my garden flat in Caldicot
  • Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Caldicot for a three bed flat - section 42 having been issued?

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