Cyncoed Lease Extensions: Q and A’s

  • My name´s Ibrahim. I’m property hunting in Cyncoed I'm deliberating offering on a studio flat online, with around 67 years unexpired lease, how much will it likely cost to get a lease extension by, say, ninety years?
  • I need to negotiate a lease extension for a flat in Cyncoed and want to use a local . Is there a that you can recommend?
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • The terms for the lease on my flat in Cyncoed are 99 years from 1 Dec 1980. Please give me a quote to extend the lease if I give you more specifics please?
  • I have a share of the freehold. There are four flats in the house. All the leaseholders are now looking for lease extensions. Are you willing to help us with this situation?
  • I own 70% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around fivety six years. I need a at my end. Can you advise please? I live near Cyncoed and have a mortgage with Yorkshire Building Society.
  • Coming up to 2 years that I have been in my studio flat in Cyncoed. I have 73 years remaining on the lease. I am now wanting to buy a share of freehold or a lease extension. I purchased the property for 320K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?
  • My brother and I are are hoping to complete on a garden flat in Cyncoed which has share of freehold and a leasehold. The lease was starting to get low so the seller is in the process of extending the lease. The seller’s lawyer has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our to do OS1 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 lease title number is not known. Is it correct that we have to wait until the lease extension has actually been registered before completing.?
  • Hopefully an easy question for you, how much does it cost for a lease extension on a residential property in Cyncoed for a one bed flat - section 42 having been issued?
  • I'm looking for some advice with regard to a lease extension on my garden flat in Cyncoed. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

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