Hay On Wye Lease Extensions Example Support Desk Enquiries

  • I’m just looking for a ground floor flat to buy in the Hay On Wye area and was after more information on how much would it cost for a lease extension? It has seventy nine years outstanding...
  • I invested in buying a ground floor flat located in Hay On Wye with a leasehold unexpired of 65 years. I am curious about what it will cost me to extend my lease term
  • 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?
  • I have contacted my freeholder for a lease extension for my flat in Hay On Wye. His has been in contact regarding costs etc. I need an estimate for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started June 1986.
  • I am looking to either purchase the freehold or a lease extension of my property in Hay On Wye and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously refinance with Godiva Mortgages Ltd to free up equity. My adviser dealing with the remortgage suggested I get two estimates : one for the lease extension and one for the freehold acquisition .The lease commenced in 1981 and since then the ground rent has increased from £15.00 per annum to £125 per annum.
  • I have my suspicions that my niece might have had the wool pulled over her eyes. She put in an offer on a one bedroom apartment in Hay On Wye, where the lease is just over 67 years but she was informed by the estate agents that the owner had extended it to 99 years. She has now been advised the current owner was holding off for her to appoint solicitors prior to commencing with the lease extension. Sounds unscrupulous, also it will take time to sort it all out. Am I being too sceptical?
  • I am hoping to extend the lease on my one bedroom apartment in Hay On Wye I am looking for a local company to calculate the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • Coming up to two years that I have been in my maisonette in Hay On Wye. I have sixety one years unexpired lease on the lease. I am now looking either to buy a share of freehold or a lease extension. I acquired the property for 350K, it is now roughly 445k. 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: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process goes to LVT)?
  • I note that your website states the likely fee for dealing with a lease extension is £495. Is that the all inclusive cost excluding value added tax and the land registry fee? The price has already been negotiated with the freeholder for the lease extension for my one bedroom apartment in Hay On Wye
  • I'm looking for some advice with regard to a lease extension on my garden flat in Hay On Wye. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

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