Top Ten Questions relating to Gower Lease Extensions

  • I am about to put an offer in on a three bed flat in Gower with a lease of 70 years but not sure how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • I purchased a ground floor flat in Gower. I am looking for a lease extension on the property. It is nearon 80 years. I would just like to know what your charges are and how long it would take for completion.
  • I am looking at acquiring an auction property and came upon a two bed flat in Gower. It has just 41 year lease..the vendor as mortgagees in possession dont want to mess around with seeking a lease extension..what are the drawbacks of this except for the costly fee to extend the lease and reduced chance of obtaining a mortgage with National Westminster Bank?
  • We have a residential flat in Gower with 77 years unexpired. Last year we were quoted a deal to have a lease extension for a further thirty years but also increase ground rent from nominal to £300 per year..plus a premium I think of approximately 10k. Finally we have decided to go ahead but do we now have to start the negotiations again?
  • We wish to extend our lease having owned the flat for 2 years as of 21st March 2016. It has around 61 years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as is reasonably achievable.
  • I intend to buy a one bed flat in Gower for asking price of 125k, which has 62 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I own 70% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around fivety nine years. I need a conveyancers at my end. Can you advise please? I live near Gower and have a mortgage with TSB.
  • My and my husband know that others in the same block had already had a lease extension, and the landlord was amenable. It therefore appears worth taking risk of avoiding a formal valuation and base the initial offer on on the prices by others . This would save on double valuation fees. Is this advisable?
  • 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 Gower
  • Do you handle lease extensions on land? (a plot of land in Gower with 82yrs remaining)
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    Lease Extensions in Gower

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