Cathays Lease Extensions: Q and A’s

  • I have just bought a two bedroom first floor purpose built flat located inCathays and I'm thinking about extending the lease as soon as I can e.g. in 24 months of ownership
  • I bought a garden flat in Cathays that I am now unable to sell due to the lease needing a lease extension. Are you able to help me with this situation ?
  • I want to acquire a leasehold property and lease extension. The homeowner has been there for four years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Cathays, and my lease will reach seventy years this March. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?
  • I'm thinking of purchasing a garden flat (leasehold) but the landlord has been absent for approximately 15yrs. I wonder whether it will be less expensive to try to buy the reversionary title or to get a lease extension and apply for right to manage?
  • Coming up to 2 years that I have owned my one bedroom apartment in Cathays. I have 63 yrs left on the lease. I am now wanting to buy a share of freehold or a lease extension. I acquired the property for 350K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my conveyancers about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
  • I'm intent on buying an apartment in Cathays at a price of £195,000 the flat has something like 64 years unexpired on the lease. I put in an offer subject to a lease extension... .. that was back in November, hoping I'd have completed by now. They have just come back saying they are willing to knock £5k off if I deal with the lease extension myself. I'm not sure if I should take them up on the offer
  • I own the freehold of a couple of flats. Someone has the lease on the garden flat in Cathays. I live in the top flat. I was looking at the title deeds last night when I noticed that my flat is leasehold. There is fivety eight years left on the lease. If I want to do a lease extension then would I simply be paying for the solicitors charges?
  • We currently own a studio flat in Cathays and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 77 years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Can you offer some advice on this? Should I contact the landlord first and will they be able to give me a cost?
  • I have 69 years remaining on my lease of a ground floor flat in Cathays, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
  • Other Topics

    Lease Extensions in Cathays

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