Lease Extensions in Garndolbenmaen

Top Ten Questions relating to Garndolbenmaen Lease Extensions

20,000 agreed with the landlord, just attempting to find a Garndolbenmaen for a lease extension. Our lease has around 59 yrsleft. What's your legal fee ?

I'm wanting to make an offer on a house in Garndolbenmaen but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Leeds Building Society giving us the mortgage now?

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 928 years left so a lease extension is not a worry. 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 correct? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any advice would be much appreciated.

I'm deliberating over purchasing a one bedroom apartment (leasehold) but the landlord has been missing for about 15yrs. I wonder whether it will be cheaper to try to acquire the freehold or to get a lease extension and apply for RTM?

We bought a leasehold with a landlord who has not given us a counter-notice for a lease extension for our flat in Garndolbenmaen and looking to do a vesting order. Is this something you can help us with?

I'm living at mother and father but have a three bed flat in Garndolbenmaen let out which has a 64 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Garndolbenmaen for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Not sure sure whether to hold on or sell the flat?

We are are hoping to complete on a ground floor flat in Garndolbenmaen which has share of freehold and a leasehold. The lease was starting to get low so the owner commenced extending the lease. The seller has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the house buying process is for our to do a pre-completion search on the property title. The concern 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 has not been issued. Is it correct that we have to wait until the new lease is registered?

My partner and I are in the throws of buying a property (a two bedroom ground floor purpose built flat located inGarndolbenmaen with share of freehold). Throughout our search, we were always looking at flats that had a minimum eighty five years unexpired. We found a flat we liked and the estate agent assured that the lease was long albeit not specifying a number. Today our informed us the lease only has 63 years and therefore needs a lease extension. Do we run away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?

Are you able to provide an estimate to extend my mother’s lease on a three bed flat in Garndolbenmaen. She already has a figure from the freeholder for a lease extension but I am not sure it is reasonable.

I am currently negotiating a lease extension for my flat in Garndolbenmaen 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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