FAQs concerning Llanrumney Lease Extensions

  • My name´s Ibrahim. I’m house hunting in Llanrumney I'm thinking about offering on a 2 bed flat online, with slightly less fivety five years unexpired lease, how much will it likely cost to extend in this area by, say, 35 years?
  • My wife has an apartment based in Llanrumney which we are about to put on the market. The leasehold has circa fivety four years left on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we commence arranging a lease extension? Many thanks.
  • We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 928 years outstanding so a lease extension is not a worry. 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 twenty years without the house being ours. Any advice 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 am thinking about bidding for an auction property and found a one bed flat in Llanrumney. It only has a fifty-one year lease..the vendor as mortgagees in possession will not want the aggravation of applying for a lease extension..what are the disadvantages of this except for the expensive fee to extend the lease and reduced chance of getting a mortgage with TSB?
  • I own a share of the freehold. There are four apartments in the house. All the leaseholders are now requiring lease extensions. What's your solicitors fee?
  • Me and my partner would like to know the cost of a lease extension valuation for a property based in Llanrumney. Is this something you can help us with?
  • I'm living with my parents but have a studio flat in Llanrumney let out which has a 74 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 Llanrumney 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?
  • Hopefully an easy question for you, how much does it cost for a lease extension on a residential property in Llanrumney for a two bed flat - section 42 having been issued?
  • I am the registered freeholder of a couple of flats. Someone has the lease on the garden flat in Llanrumney. I live in the top flat. I was reviewing the title deeds recently when I noticed that my flat has a lease on it. There is 57 years outstanding. Is it possible to do a lease extension without retaining a ?

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