Top Ten Questions relating to Garndolbenmaen Lease Extensions

  • We have just bought a one bedroom apartment inGarndolbenmaen and I'm thinking about extending the lease as soon as I can e.g. in a couple of years
  • I have shares in the freehold of 2 blocks of flats comprising of seven flats each. Two of the leaseholders want a lease extension and I'm curious about the the process
  • We have seen a house for sale for £215k and we are very keen on but we've just discovered that it is leasehold. There are 899 years balance left so a lease extension is not required. 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 owning the property. Any advice would be much appreciated.
  • 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?
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Garndolbenmaen, and my lease will reach sixety years this June. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?
  • I'm looking for a flat to purchase in Garndolbenmaen and I'm not really familiar with the leasehold title. I've found a three bed flat I like with a 91 years lease. My research reveals that I can go for a lease extension after a couple of years, but:- Is this a given?
  • We are considering buying a maisonette in Garndolbenmaen which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what occurs when lease ends, 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?
  • I own a purpose-built apartment in a small development in Garndolbenmaen. The leasehold interest in the apartment on a 101 year lease started from 11th March 1972 with a non-reviewable ground rent of £10 per annum. I wish to obtain a lease extension. Is it possible for me to talk with someone to discuss my options please?
  • Coming up to 2 years that I have owned my one bedroom apartment in Garndolbenmaen. I have 77 yrs outstanding 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 425k. 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?
  • We are worried about obtaining a lease extension from a difficult freeholder. Even though the legal procedures were followed under the appropriate legislation, the freeholder still tried to get ground rent of £300 doubling every twenty years of the new term. Can you help?

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