Frequently asked questions relating to Gorseinon Lease Extensions

  • I’ve just purchased a one bedroom apartment based inGorseinon and I'm deliberating extending the lease as soon as possible e.g. after 24 months of ownership
  • So this is the scenario: I bought a maisonette in Gorseinon that I now cannot sell as a result of the lease needing a lease extension. How long will it take ?
  • I am looking for a in Gorseinon and they need to be on the Nottingham Building Society approved conveyancers panel as we need a lease extension and refinance at the same time. Are you able to recommend a ?
  • I invested in buying a one bed flat in Gorseinon with a leasehold unexpired of 73 years. I am wondering about how much it will cost me to extend my lease
  • I am a FTB of a leasehold flat in Gorseinon. The lease has just fivety six years left and ground rent is £50. Is it possible for the flat owner to serve the Notice of Claim and then transfer this right to me as the buyer once I complete the buying process so that I can avoid waiting for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time consuming to the vendor? To add to the complexity the landlord is absent, so I am not sure how this will play out.
  • I am looking at bidding for an auction property and found a studio flat in Gorseinon. It only has a 41 year lease..the seller being mortgagees in possession will not want the aggravation of seeking a lease extension..what are the disadvantages of this other than the huge fee to put a new lease on it and decreased chance of getting a mortgage with HSBC Bank?
  • Me and my fiance are considering buying a maisonette in Gorseinon which is a leasehold. I am wondering what are the advantages and disadvantages of that - what occurs when lease expires, how much it costs to extend it, can the freeholder of the land evict me from my own flat and prevent me from extending the lease?
  • I'm looking at acquiring a flat in Gorseinon at a price of £256,000 the flat has approaching fivety eight years remaining on the lease. My offer was subject to a lease extension... .. that was back in August, hoping I'd have completed before Christmas. The seller has just informed me they are willing to knock £5k off if I deal with the lease extension myself. I'm unsure whether that's a good idea
  • Do you handle lease extensions on land? (a plot of land in Gorseinon with 82yrs remaining)
  • I have a lease of 61 years remaining on my flat in Gorseinon. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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