Common questions relating to Killay Lease Extensions

  • I am looking for a rough estimate of what a lease extension will cost for a flat I would like to buy. It has sixety eight years residual lease term.
  • My apartment in Killay is up for sale and I have a hopefully firm offer. There is 79 years to run on the lease and I want to extend the lease. How much will it likely cost to get a lease extension by, say,thirty years
  • My wife and I are considering buying a studio flat in Killay which is a leasehold. I am wanting to weigh up the advantages and disadvantages of that - what occurs when lease expires, how much it costs to extend it, can the freeholder of the land evict me from my own flat and block me from having a lease extension?
  • My partner and I are proceeding with buying a three bedroom second floor purpose built flat in Killay. I was advised by the EA that the lease extension had already been completed while on a viewing (71 years outstanding prior to extension). The description on the listing said "sold with a long lease". It turns out as we are about to exchange of contracts we find that there has been no lease extension. The owner supposedly has a quote but no funds to extend and consequently the owner wishes to exchange and use the deposit monies to extend the lease. My question is how is possible that the estate agent got it so wrong?
  • I own a purpose-built apartment in a large block in Killay. The leasehold interest in the apartment on a 99 year lease started on 11th November 1970 with a non-reviewable ground rent of £25 per annum. I wish to obtain a lease extension. Can I talk with someone to discuss my options please?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • I own 70% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 58 years. I need a at my end. Can you advise please? I live near Killay and have a mortgage with The Mortgage Works.
  • I'm living with my parents but have a two bedroom ground floor purpose built maisonette in Killay let out which has a 70 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 Killay 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?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my one bedroom apartment in Killay
  • I have a lease of fivety six years remaining on my flat in Killay. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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