FAQs concerning Hay On Wye Lease Extensions

  • I plan on buying a flat in Hay On Wye. My offer is conditional upon a lease extension. The owner’s has given to the freeholder the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Accord Mortgages Ltd. Moreover, which are the following lease extension steps to complete the purchase?
  • I'm deliberating over buying a one bedroom apartment (leasehold) but the landlord has been absent for approximately 15yrs. I wonder whether it will be less expensive to try to acquire the freehold or to extend lease and apply for RTM?
  • I am a landlord of a block of flats in Hay On Wye, and the lessees are in the process of being issued lease extensions. I should hopefully get the money next week. As I am not on self assessment do I contact the tax authorities ?
  • I own 60% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around seventy seven years. I need a at my end. Can you advise please? I live near Hay On Wye and have a mortgage with The Royal Bank of Scotland.
  • I am the freeholder of a 1930’s property split into two apartments. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy two years. What are my next steps?
  • Me and my partner would like to know the cost of a lease extension valuation for a property based in Hay On Wye. Is this something you can help us with?
  • I'm living with my parents but have a maisonette in Hay On Wye let out which has a 79 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 Hay On Wye 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 13k. Should I keep or sell the flat?
  • Even though I may not need a lease extension but I do need a vesting order on a property I want to purchase in Hay On Wye. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1895. Its the rear garden.
  • 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 Hay On Wye
  • Do you handle lease extensions on land? (a plot of land in Hay On Wye with 82yrs remaining)

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