Dulas and Nebo Lease Extensions: Q and A’s

  • We have just acquired a studio flat located inDulas and Nebo and I'm deliberating a lease extension as soon as I can e.g. in 24 months of ownership
  • I purchased a property in Dulas and Nebo and it has circa fivety six years remaining. I'd like to arrange a lease extension by twenty years
  • I am about to put an offer in on a two bedroom first floor purpose built flat in Dulas and Nebo with a lease of 66 years but not sure what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • Last year I purchased a leasehold flat in Dulas and Nebo. I have built a huge extension and have not informed my freeholder. What are my options?
  • Me and my wife are considering buying a garden flat in Dulas and Nebo which is a leasehold. I am wondering what are the advantages and disadvantages of that - what happens when lease expires, the cost of a lease extension, can the freeholder of the property evict me from my own flat and prevent me from extending the lease?
  • 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 extending the lease?
  • I'm looking at acquiring an apartment in Dulas and Nebo valued at £256,000 the flat has approaching 55 years remaining on the lease. I put in an offer conditional upon a lease extension... .. that was back in November, hoping I'd have moved in by now. They have just informed the agent they'll knock £4k off if I deal with the lease extension myself. I'm not sure whether that's a good idea
  • I own the freehold reversion of a property in Dulas and Nebo and a leaseholder would like a lease extension. Her so called valuation expert has suggested a figure of £9,000, but has upped this to £10,000 at the drop of a hat. My surveyor has suggested a much higher figure. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to a FTT, can I deal with this myself, just equipped with the valuations I have? If not, what fee would I be likely to incur?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my maisonette in Dulas and Nebo
  • I'm looking for some advice with regard to a lease extension on my one bedroom apartment in Dulas and Nebo. 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?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Dulas and Nebo