Sample questions relating to Llandrindod Wells Lease Extensions

  • I am the registered owner of a garden flat in Llandrindod Wells that I now cannot sell as a result of the lease requiring a lease extension. Are you able to help me with this situation ?
  • My name´s Nathan. I’m house hunting in Llandrindod Wells I'm seeing a ground floor flat online, with about 66 years outstanding, how much will it likely cost to get a lease extension by, say, fifty years?
  • I am looking to buy a ground floor flat in Llandrindod Wells with a lease of 68 years but have no idea how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • 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?
  • The intention is to sell our garden flat in Llandrindod Wells but we may need to extend the lease, or possibly cover the costs of our purchaser. Are you able to suggest someone to undertake the legal formalities?
  • I am a FTB of a leasehold flat in Llandrindod Wells. The lease has just 58 years remaining and ground rent is £75. Is it possible for the owner to serve the Initial Notice and then transfer this right to me as the buyer once I complete the buying process so that I can avoid waiting for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time costly to the owner? To add to the complexity the landlord can not be found, so I am not sure how does it work.
  • I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • 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 56 years. What are my next steps?
  • Just been over 2 years that I have owned my maisonette in Llandrindod Wells. I have 74 yrs outstanding on the lease. I am now looking either to buy a share of freehold or a lease extension. I purchased the property for 342K, 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: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
  • I own the freehold of a one bedroom flat in Llandrindod Wells. The leaseholders have sixety two years on a lease and wants to purchase another 90 years. The have offered me 19k. Is this around the right price?

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