Crickhowell Lease Extensions

Sample questions relating to Crickhowell Lease Extensions

My name´s Samuel. I’m property hunting in Crickhowell I'm thinking about offering on a 2 bed flat online, with circa 57 years left, how much does it cost on average to extend in this location by, say, ninety years?

I plan on buying a flat in Crickhowell. My offer is subject to the lease extension. The current owner’s has served the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender The Mortgage Works. Moreover, which are the following lease extension steps to complete the purchase?

We would like to extend our lease having owned the property for 2 years as of 22nd April 2015. It has about 59 years remaining currently. Hoping to get a lease extension by another 90 years as quickly and stress free as possible.

I an interested in finding out more about leasehold property buying. We hope to buy a link detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Crickhowell 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?

Me and my sister are purchasing a two bedroom ground floor purpose built flat in Crickhowell which has share of freehold and a leasehold. The lease was on the short side so the seller is in the process of extending the lease. The vendor has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the conveyancing process is for our to do a "priority search" on the property title. The concern 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 is not known. Is it correct that we have to be patient until the lease extension has actually been registered before completing.?

Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Crickhowell for a three bed flat - sec 42 having been issued?

My sister knows that others in the same block had already had a lease extension, and the landlord seemed amenable. It therefore appears worth taking risk of not having formal valuation and calculate the initial offer on on the prices by others . This would save on double valuation charges. Is this advisable?

I am currently in the process of refinancing my 2 bed flat in Crickhowell and the next lender that I am looking to move to needs at least 80 years on the leasehold of my property in order for them to progress matters. We currently have around 77 years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process

I am currently negotiating a lease extension for my flat in Crickhowell as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

Do you handle lease extensions on land? (a plot of land in Crickhowell with 82yrs remaining)

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