Common questions relating to Dinas Powys Lease Extensions

  • I want to buy a leasehold property and extend the lease. The homeowner has been there for three years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • Is it possible to talk with you about a flat in Dinas Powys, I am considering buying at auction next month. 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 wondered if you could help me on how much it would expense and the best way to get a lease extension started? I have circa sixety five years unexpired lease and I own a maisonette in Dinas Powys.
  • My mortgage provider requires a £500 fee for their lawyers for a "deed of substituted security" for the lease extension for my flat in Dinas Powys... I can find no reference of this in my mortgage booklet... is this a normal cost that they charge?
  • We are looking to extend our lease having owned the flat for two years as of 11th March 2016. It has roughly sixety nine years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as possible.
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously told that I have to have the finances in place before I set the ball rolling, is this correct?
  • I am the owner of a purpose-built apartment located in a large block in Dinas Powys. The leasehold interest in the apartment on a ninety five year lease which commenced on 30th March 1970 with a fixed ground rent of £25 per annum. I would like to obtain a lease extension. Is it possible for me to call someone to go through my options please?
  • My father has a share of freehold, with two other leaseholders in a building in Dinas Powys. House split into three apartments. He has a lease, which has approximately 75 years left. How much would it cost for a lease extension and how many years would he need to extend by?
  • My and my partner know that others in the same building had already had a lease extension, and the freeholder was amenable. Therefore is seems worth taking risk of avoiding a formal valuation and base the initial offer on previous premiums paid . This would save on double valuation fees. Would you suggest such a course of action?
  • I am currently negotiating a lease extension for my flat in Dinas Powys 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?
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    Lease Extensions in Dinas Powys

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