Cardigan Lease Extensions

Frequently asked questions relating to Cardigan Lease Extensions

I am looking to extend the lease on my one bedroom apartment in Cardigan which will have fivety seven years remaining in June. What fees apply?

I'm looking for a flat to purchase in Cardigan and I'm not really familiar with the leasehold arrangement. I've identified a one bedroom second floor purpose built flat I like with a 90 years lease. I've read that I can go for a lease extension having owned the property for a couple of years, but:- Should I be looking for some conditions that would prevent me for getting a lease extension?

We have a leasehold flat in Cardigan with seventy one years left. Ten months ago we were quoted a deal to have a lease extension for another 25 years but also increase ground rent from notional to £300 per annum..plus a premium I think of about 14k. Finally we have decided to move forward but do we now have to start the negotiations again?

We wish to extend our lease. We will have been in the flat for two years as of 21st May 2016. It has approximately fivety eight years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as possible.

Me and my sister had entered into buying a one bedroom apartment in Cardigan. I was advised by the EA that the lease extension had already been completed while on a viewing (fivety eight years unexpired lease 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 owner supposedly has a quote but no money to extend as a result the vendor wishes to exchange and use the 10% deposit to extend the lease. My question is as the lease hasn't been extended is there not a danger that it would breach my lenders lease length criteria?

My brother and I would like to know the cost of a lease extension valuation for a property based in Cardigan. Would you be able to help?

I do not need a lease extension but I do need a vesting order on a property I want to acquire in Cardigan. The house is freehold but the garden is officially leasehold, 995 year lease from 1895. Its the rear garden.

We are in the throws of buying a property (a ground floor flat located inCardigan with share of freehold). Throughout our search, we were always looking at properties that had at least eighty five years left on the lease. We found a flat we liked and the selling agent assured that the lease was long albeit not specifying a number. Today our advised us the lease only has seventy eight years and thus needs a lease extension. Should we run away, or should we negotiate our offer?

My and my partner know that others in the same building had already had a lease extension, and the landlord was amenable. It therefore appears worth taking risk of avoiding a formal survey and calculate the initial offer on previous premiums paid . This would save on double valuation charges. Would you recommend such a course of action?

Are you able to provide an estimate to extend my mum’s lease on a one bedroom apartment in Cardigan. She recently got a price from the landlord for a lease extension but I am not sure it is too high.

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