Questions and Answers: Clydach Lease Extensions

  • Hi, I stumbled across your website. I'm looking for prices on what a lease extension will cost for a three bedroom ground floor purpose built flat located in Clydach. It's on sale at the moment but has slightly less than 71 years left on the lease
  • I bought a maisonette based in Clydach with a leasehold unexpired of 68 years. I am enquiring about what I will need to spend to extend my leasehold
  • I am the owner of a maisonnette and the freehold of both flats. The owners of the upstairs flat have asked to extend the lease what do I need to do?
  • We have a residential flat in Clydach with sixety one years to run. Last year we were quoted a deal to grant a lease extension for another 25 years but also increase ground rent from nominal to £300 per annum..plus a premium I think of approximately 16k. We have now decided to go ahead but do we now have to start the negotiations again?
  • My husband and I are proceeding with a purchase of a ground floor flat in Clydach. I was advised by the EA that the lease extension had already been completed while on a viewing (fivety four years remaining prior to extension). The description on the listing stated "sold with a long lease". It turns out as we are about to 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 seller wants to exchange and use the 10% deposit for the lease extension. My question is as the lease hasn't been extended is there not a danger that Platform Home Loans Ltd won't lend on a lease?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • Although I do not need a lease extension but I do require a vesting order on a property I want to purchase in Clydach. The house is freehold but the garden is officially leasehold, 1000 year lease from 1854. Its the garden area.
  • I am currently in the process of refinancing my three bed flat in Clydach and the mortgage company that I am looking to switch to needs a minimum 85 years on the leasehold of my property in order for them to progress matters. I have discovered that I currently have around 79 years on the leasehold so require some advice, guidance, and some quotes to set the wheels in motion for a lease extension
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my studio flat in Clydach
  • We have a garden flat in Clydach with a lease of sixety nine years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?

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