Cardiff Bay Lease Extensions: Q and A’s

  • My name´s Max. I’m flat hunting in Cardiff Bay I'm seeing a garden flat online, with around 58 years left, how much does it cost on average to extend in this area by, say, 45 years?
  • I’m about to offer on a studio flat to purchase in the Cardiff Bay area and was curious what the likely fees would be for a lease extension? It has 54 years remaining...
  • I am looking for a property lawyers in Cardiff Bay and they should be on the The Mortgage Works approved conveyancers panel as we need a lease extension and refinance simultaneously. Are you able to recommend a conveyancers ?
  • I purchased a ground floor flat in Cardiff Bay. I am looking to extend lease on the property. It is just over 80 years. I would just like to know what your charges are and how long the process takes.
  • I would like to know how much it would expense and the optimum way to get a lease extension started? I have nearon 68 years outstanding and I own a two bedroom ground floor purpose built flat in Cardiff Bay.
  • My father has a share of freehold, with two other leaseholders in a building in Cardiff Bay. House split into three apartments. He has a lease, which has circa 54 years outstanding. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • We would like to know the cost of a lease extension valuation for a property based in Cardiff Bay. Is this something you can help us with?
  • Just been over two years that I have owned my ground floor flat in Cardiff Bay. I have seventy years outstanding on the lease. I am now looking either to buy a share of freehold or a lease extension. I purchased the property for 342K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my property lawyers about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Cardiff Bay based conveyancers or any will do fine?
  • If a leaseholder owns a flat with a lease of less than 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 extending the lease?
  • Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Cardiff Bay for a two bed flat - section 42 is already served?
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    Lease Extensions in Cardiff Bay

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