Cardigan Lease Extensions: Q and A’s

  • So this is the scenario: I invested in buying a garden flat in Cardigan that I am now unable to sell due to the lease requiring a lease extension. Can you please help me with this situation ?
  • I have an interest in the freehold of buildings comprising of 8 flats each. 2 of the leaseholders want a lease extension and I'm curious about the the process
  • I am a FTB of a leasehold flat in Cardigan. The lease has only seventy six years remaining and ground rent is £50. Is it possible for the flat owner to serve the Notice of Claim and then assign this right to me as the buyer once I complete the buying process so that I can avoid waiting 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 costly to the homeowner? To add to the complexity the freeholder can not be found, so I am not sure how this will play out.
  • My mortgage lender requires a £500 fee for their property lawyers to agree a lease extension for my flat in Cardigan... I am unable to find any reference of this in my mortgage guide... is this a usual fee to pay?
  • I intend to buy a one bed flat in Cardigan for asking price of 145k, which has seventy one years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I own 50% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around seventy nine years. I need a property lawyers at my end. Can you advise please? I live near Cardigan and have a mortgage with Skipton Building Society.
  • Although I do not need a lease extension but I do need a vesting order on a property I want to buy in Cardigan. The house is freehold but the garden is officially leasehold, 995 year lease from 1854. Its the rear garden.
  • My and my fiance know that others in the same block had already had a lease extension, and the freeholder seemed amenable. It therefore appears worth taking risk of avoiding a formal valuation and base the initial offer on previous prices . This would save on double valuation charges. Is this advisable?
  • I am currently in the process of refinancing my garden flat in Cardigan and the bank that I am looking to move to needs at least 85 years remaining on the lease in order for them to progress matters. I have found that I currently have around 75 years on the leasehold so require some help, guidance, and some quotes to set the wheels in motion for a lease extension
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my three bed flat in Cardigan
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    Lease Extensions in Cardigan

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