Gower Lease Extensions

Frequently asked questions relating to Gower Lease Extensions

So this is the scenario: I inherited a studio flat in Gower that I am now unable to sell due to the lease needing a lease extension. How long will it take ?

My name´s Arthur. I’m flat hunting in Gower I'm considering offering on a maisonette online, with slightly less 76 years remaining, how much does it cost on average to get a lease extension by, say, 25 years?

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?

Possibly made a mistake, I am seeking a in Gower who has Leasehold Tribunal expertise when it comes to lease extensions. Is this something you can help me with?

I need to talk to you about a flat in Gower, I am thinking of bidding at auction next month. The flat has a short lease and I am curious about what it would cost to get a lease extension and for your services.

I would like some help on purchasing a leasehold residence. We hope to buy a link detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Gower area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?

Coming up to 2 years that I have been in my studio flat in Gower. I have 58 yrs remaining on the lease. I am now looking either to buy a share of freehold or a lease extension. I purchased the property for 342K, it is now roughly 450k. 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?

I do not need a lease extension but I do require a vesting order on a property I want to purchase in Gower. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1889. Its the rear garden.

It says on your website the likely fee to extend a lease is £495. Is that the all inclusive cost including value added tax and the land registry fee? The price has already been negotiated with the freeholder for the lease extension for my garden flat in Gower

I'm intent on buying an apartment in Gower at a price of £210,000 the flat has approaching 60 years remaining on the lease. My offer was subject to a lease extension... .. that was back in August, expecting I'd have completed by Christmas. The seller has just informed the agent that they are prepared to knock £5k off if they don't have to deal with the lease extension. I'm unsure whether that's a good idea

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