Lease Extensions in Creigiau

Frequently asked questions relating to Creigiau Lease Extensions

My name´s George. I’m house hunting in Creigiau I'm seeing a ground floor flat online, with just under 60 years outstanding, how much will it likely cost to get a lease extension by, say, fifty years?

My co-lessees and I are in a building consisting of five flats in Creigiau and have been offered to buy the freehold for 7k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?

I am a first time buyer of a leasehold flat in Creigiau. The lease has only 55 years outstanding and ground rent is £50. Is it possible for the homeowner to serve the Initial Notice and then assign over the right to me as the purchaser on the day of completion so that I don't have to wait for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time costly to the current owner? To add to the complexity it’s the case of an absent freeholder, so I am not sure how this will play out.

I am concerned that my niece might be having the wool pulled over her eyes. She submitted an offer on a studio flat in Creigiau, where the lease is nearly 62 years but she was told by the selling agents that the flat owner had extended it to 99 years. Only now has she been told the current owner was waiting for her to instruct lawyers ahead of instigating the lease extension. Seems unscrupulous, also it may take a while to sort it all out. Am I being too sceptical?

I am considering bidding for an auction property and came upon a studio flat in Creigiau. It only has a fifty-one year lease..the vendor being mortgagees in possession dont want to mess around with seeking a lease extension..what are the disadvantages of this except for the expensive fee to extend the lease and decreased chance of getting a mortgage with Leeds Building Society?

I'm intent on buying an apartment in Creigiau at a price of £210,000 the flat has approximately seventy two years left on the lease. My offer was conditional upon a lease extension... .. that was back in September, hoping I'd have moved in by now. They have just come back saying that they are prepared to knock £4k off if I deal with the lease extension myself. I'm not sure if I should take them up on the offer

My OH and I are purchasing a one bedroom apartment in Creigiau which has share of freehold and a leasehold. The lease was starting to get low so the vendor is in the process of extending the lease. The seller has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the conveyancing process is for our to do a pre-completion search on the property title. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it correct that we have to hold on until the lease extension has actually been registered before completing.?

I am currently in the process of remortgaging my two bedroom ground floor purpose built flat in Creigiau and the bank that I am looking to move to needs a minimum 85 years on the leasehold of my property in order for them to progress matters. I have found that I currently have around sixety seven years on the leasehold so require some help, guidance, and some quotes to get the wheels in motion for a lease extension

We currently own a garden flat in Creigiau 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 seventy three years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Can you offer some advice on this? Should I contact the freeholder first and will they be able to give me a cost?

I was hoping you might be able to tell me the process of how to apply for a lease extension for my garden flat in Creigiau

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