Cwmcarn Lease Extensions

Sample questions relating to Cwmcarn Lease Extensions

We have seen a house for sale for £195k and we are very interested but we've just discovered that it is leasehold. There are 798 years remaining so a lease extension is not an issue. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any advice would be much appreciated.

The intention is to sell our GFF in Cwmcarn but we may need a lease extension, or possibly cover the costs of our purchaser. Are you able to help me find someone to handle this?

I acquired a one bedroom apartment in Cwmcarn. I am looking to extend lease on the property. It is nearing eighty one years. I would just like to know what your charges are and how long the process takes.

I will soon view a one bedroom apartment, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has 66 years residual lease term on the lease. It is also a repossession so I'm assuming that the lender will not be interested in doing a lease extension. My main concern is would it be difficult to sell on without a lease extension?

I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?

I own 70% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 79 years. I need a at my end. Can you advise please? I live near Cwmcarn and have a mortgage with Britannia.

If somebody owns a flat with a lease of less than 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 doing it?

I am worried about getting a lease extension from an objectionable landlord. Notwithstanding that the correct procedures were adhered to under the 1993 Act, the freeholder still attempted to charge ground rent of £300 increasing by 100% every 25 years of the new term. Can you help?

We currently own a one bedroom apartment in Cwmcarn 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 63 years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Do you have some advice on this? Do I contact the landlord first and will they be able to give me a cost?

I have a lease of seventy two years remaining on my flat in Cwmcarn. 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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