Questions and Answers: Lisvane Lease Extensions

  • Hello, I just randomly found this site. I'm looking for prices on what a lease extension will cost for a studio flat located in Lisvane. It's up for sale at the moment but has approximately seventy three years left on the lease
  • I am considering investing in a holiday home but it has a lease that expires in eighteen years. Its in Lisvane - I wanted to see if with your services it is possible for this to be extended?
  • I bought a maisonette in Lisvane. I am looking to extend lease on the property. It is circa eighty years. I would just like to know what your charges are and how long the process takes.
  • I am concerned that my niece might be having the wool pulled over her eyes. She put in an offer on a one bedroom apartment in Lisvane, where the lease is just over 55 years but she was informed by the estate agents that the vendor had extended it to 99 years. Only now has she been advised the owner was holding off for her to retain lawyers before commencing with the lease extension. Seems odd to me, also it could take months to sort it all out. What do you think?
  • I am looking at purchasing an auction property and found a one bed flat in Lisvane. It only has a 48 year lease..the current owner being mortgagees in possession dont want to mess around with seeking a lease extension..what are the disadvantages of this other than the costly fee to extend the lease and reduced chance of getting a mortgage with Birmingham Midshires?
  • I am planning to get a lease extension and am wondering what step I have to do first, I have been previously advised that I have to have the finances in place before I set the ball rolling, is this correct?
  • Even though I may not need a lease extension but I do require a vesting order on a property I want to buy in Lisvane. The house is freehold but the garden is officially leasehold, 995 year lease from 1895. Its the garden area.
  • I'm looking at acquiring a flat in Lisvane valued at £256,000 the flat has approximately fivety seven years left on the lease. My offer was subject to the lease being extended... .. that was back in September, expecting I'd have moved in before Christmas. They have just come back saying that they are prepared to reduce the price by£8k if they don't have to deal with the lease extension. I'm not sure whether that's a good idea
  • We are buying a two bedroom second floor purpose built flat in Lisvane which has share of freehold and a leasehold. The lease was on the short side so the seller commenced dealing with a lease extension. The seller has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our lawyers to do OS1 search on the lease. The concern here is that as a lease extension has been submitted we've been told by our conveyancing practitioners it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it correct that we have to hold on until the lease extension has actually been registered before completing.?
  • I am the freeholder of a property in Lisvane and a leaseholder would like a lease extension. Her so called valuation expert has suggested a figure of £9,000, but has upped this to £10,000 without too much effort. My surveyor has put forward a much higher figure. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to a FTT, can I handle the matter myself, just equipped with the valuations I have? If not, what fee would I be likely to incur?
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    Lease Extensions in Lisvane

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