Examples of recent questions relating to Lease Extensions in Llanarmon Yn Ial

  • We have seen a house for sale for £215k and we are very interested but we've just found out that it is leasehold. There are 798 years residual lease term so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any information would be much appreciated.
  • 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 would like to have my residential flat leasehold extension premium assessed. The flat is in Llanarmon Yn Ial, and my lease will reach 60 years this August. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • We are in a block of three flats in Llanarmon Yn Ial and have been offered to buy the freehold for £5000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • Think I may have made an error, I am searching for a in Llanarmon Yn Ial who has Leasehold Tribunal expertise in relation to lease extensions. Is this something you can assist me with?
  • My mortgage lender is requesting several hundred pounds for their for a "deed of substituted security" for the lease extension for my flat in Llanarmon Yn Ial... I can find no reference of this in my mortgage booklet... is this a normal fee to pay?
  • I am the freeholder of a Edwardian property split into two flats. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy one years. What are my next steps?
  • We currently own a studio flat in Llanarmon Yn Ial and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 74 years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Can you offer some advice on this? Should I contact the landlord first and will they be able to give me a cost?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my studio flat in Llanarmon Yn Ial
  • We have a one bedroom apartment in Llanarmon Yn Ial with a lease of seventy four years left with a value of around £370000 we want to add 125 years to it, how much is that likely to cost?

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