Frequently asked questions relating to Cowbridge Lease Extensions

  • I'm thinking of buying a garden flat (leasehold) but the freeholder has been missing for approximately 15yrs. My query is would it be cheaper to try to acquire the freehold or to get a lease extension and apply for right to manage?
  • Is it possible to talk with you about a leasehold property in Cowbridge, I am considering buying at auction next week. The flat only has a few years unexpired lease and I wanted to inquire about what it would cost to get a lease extension and for your services.
  • I am a landlord of a block of flats in Cowbridge, and the leaseholders are in the process of being granted lease extensions. I anticipate receiving the money next month. As I am not on self assessment do I get in touch with the tax authorities ?
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously advised that I have to have the finances in place before I set the ball rolling, is this correct?
  • I would like some help on leasehold property buying. We intend to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Cowbridge area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
  • Just been over 2 years that I have owned my ground floor flat in Cowbridge. I have 58 years left on the lease. I am now wanting to purchase a share of freehold or extend my lease. I acquired the property for 342K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my solicitors about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Cowbridge based lawyers or any will do fine?
  • Hi I own the freehold title in a 3 bedroom flat in Cowbridge. The leaseholder has a 78 year lease and would like to purchase further 125 years. She is offering me £27,000 but I am not sure if this is a correct amount
  • I'm intent on acquiring a flat in Cowbridge at a price of £195,000 the flat has approaching seventy one years remaining on the lease. My offer was conditional upon the lease being renewed... .. that was back in November, hoping I'd be in before now. The seller has just come back saying they'll knock £4k off if they don't have to deal with the lease extension. I'm unsure whether that's a good idea
  • Do you handle lease extensions on land? (a plot of land in Cowbridge with 82yrs remaining)
  • I have a lease of 75 years remaining on my flat in Cowbridge. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?
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    Lease Extensions in Cowbridge

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