FAQs concerning Clarbeston Road Lease Extensions

  • We are thinking about a lease extension for our leasehold house based in Clarbeston Road and we don't fully comprehend the communication that we got from our freehold company. How long will it take?
  • I'm planning on purchasing a studio flat (leasehold) but the landlord has been absent for roughly 15yrs. I wonder whether it will be less expensive to try to buy the reversionary title or to extend lease and apply for right to manage?
  • I am looking at acquiring an auction property and came upon a two bed flat in Clarbeston Road. It only has a fifty year lease..the current owner as mortgagees in possession dont want to mess around with negotiating a lease extension..what are the disadvantages of this other than the costly fee to put a new lease on it and decreased chance of obtaining a mortgage with TSB?
  • My husband and I have a leasehold flat in Clarbeston Road with 66 years to run. Last year we were quoted a deal to grant a lease extension for a further 25 years but also uplift the ground rent from notional to a little more..plus a premium I think of about 9k. Finally we have decided to go ahead but do we now have to renegotiate?
  • I'm living with my parents but have a maisonette in Clarbeston Road let out which has a seventy seven year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Clarbeston Road for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Not sure sure whether to hold on or sell the flat?
  • Even though I may not need a lease extension but I do require a vesting order on a property I want to acquire in Clarbeston Road. The house is freehold but the garden is officially leasehold, 1000 year lease from 1854. Its the rear garden.
  • If a leaseholder owns a flat with a lease of under 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?
  • I own the freehold of a couple of flats. Someone has the lease on the lower flat in Clarbeston Road. I occupy in the top flat. I was reviewing the land registry documents recently when I noticed that my flat has a lease on it. There is 70 years left. Is it possible to do a lease extension without instructing a ?
  • I have 67 years remaining on my lease of a ground floor flat in Clarbeston Road, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable
  • I'm looking for some advice with regard to a lease extension on my three bed flat in Clarbeston Road. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

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