Examples of recent questions relating to Lease Extensions in Gilwern

  • So this is the scenario: I invested in buying a three bed apartment in Gilwern that I now cannot sell as a result of the lease requiring a lease extension. What's your legal fee ?
  • Hello, I stumbled upon this site. I'm looking for prices on what a lease extension will cost for a one bedroom apartment located in Gilwern. It's on sale at the moment but has about 72 years of unexpired leasehold
  • We have seen a house for sale for £185,000 and we are very interested but we've just discovered that it is leasehold. There are 928 years outstanding 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 correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any feedback would be much appreciated.
  • I am the owner of a maisonnette together with the freehold. The owners of the downstairs flat have asked to extend the lease what do I need to do?
  • I am looking at buying an auction property and identified a studio flat in Gilwern. It only has a fifty-one year lease..the seller being mortgagees in possession will not want to mess around with negotiating a lease extension..what are the drawbacks of this other than the expensive fee to extend the lease and reduced chance of obtaining a mortgage with The Royal Bank of Scotland?
  • Just been over 2 years that I have owned my maisonette in Gilwern. I have sixety one years unexpired lease on the lease. I am now wanting to buy a share of freehold or extend my lease. I purchased the property for 342K, 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: Is there a benefit in getting a Gilwern based or any will do fine?
  • Me and my wife have been in discussion with our freeholder after having a valuation on our studio flat in Gilwern. We have a fivety seven year lease and we wish to increase this to 99. The Freeholder has provided us with a financial figure that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • I'm looking at acquiring a flat in Gilwern at a price of £256,000 the flat has something like 60 years unexpired on the lease. My offer was subject to a lease extension... .. that was back in September, expecting I'd have moved in before Christmas. They have just informed the agent that they are prepared to reduce the price by£8k if they don't have to deal with the lease extension. I'm unsure if I should take them up on the offer
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my garden flat in Gilwern
  • Do you handle lease extensions on land? (a plot of land in Gilwern with 82yrs remaining)

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