Gwaelod Y Garth Lease Extensions: Q and A’s

  • I’m just looking for a one bedroom apartment to buy in the Gwaelod Y Garth area and was after more information on how much would it cost to extend a lease? It has 63 years left...
  • I am fairly sure that our has advised us incorrectly concerning a lease extension and I want to find out how to go about making a formal complaint
  • I have a lease of seventy eight years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • We have a first floor flat in Gwaelod Y Garth with sixety one years remaining. Ten months ago we were quoted a deal to receive a lease extension for another fifty years but also uplift the ground rent from nominal to £250 per year..plus a premium I think of about 14k. We have now decided to go ahead but do we now have to start the negotiations again?
  • We would like to extend our lease having owned the flat for 2 years as of 6th May 2016. It has approximately sixety years remaining currently. Hoping to get a lease extension with a further 90 years as quickly and stress free as possible.
  • I am looking for advice as I am interested in a property that has only a 74 year lease and therefore requires a lease extension. Can I call someone to discuss my options please?
  • I'm living at mother and father but have a maisonette in Gwaelod Y Garth let out which has a 66 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 Gwaelod Y Garth 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. Should I keep or sell the flat?
  • I have a leasehold property in Gwaelod Y Garth with 77 years remaining on the lease. I need a to help me obtain a lease extension. Can you help?
  • I am currently in the process of refinancing my two bedroom first floor purpose built flat in Gwaelod Y Garth and the new lender that I am looking to move to needs a minimum 80 years remaining on the lease in order for them to progress matters. I have found that I currently have around 54 years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process
  • I am currently negotiating a lease extension for my flat in Gwaelod Y Garth 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?

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