Llanwrtyd Wells Lease Extensions: Q and A’s

  • I need to extend my existing lease can you help me with that? I think it has seventy six years residual lease term
  • The intention is to sell our studio flat in Llanwrtyd Wells but we may need a lease extension, or possibly cover the expense of our buyers. Can you recommend someone to help us?
  • I am thinking about whether to purchase the freehold or a lease extension of my property in Llanwrtyd Wells and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a remortgage with National Westminster Bank to free up equity. My broker handling the remortgage suggested I get two estimates : one to extend the lease and one for outright acquisition .The lease commenced in 1979 and since then the ground rent has increased from £15.00 per year to £100 per annum.
  • I'm looking for an apartment to buy in Llanwrtyd Wells and I'm not really familiar with the leasehold tenure. I've identified a garden flat I like with a 82 years lease. My research reveals that I can go for a lease extension after a couple of years, but:- Should I be looking at some conditions that would prevent me for getting a lease extension?
  • How much will it cost me and what is the best way to start the lease extension process? I have about seventy years remaining on my lease on a 2 bed flat in Llanwrtyd Wells. I have called the managing agents who act on behalf of the freeholder and they gave me the number of the surveyor. I telephone the valuer but I am not getting any calls back.
  • I am a landlord of a block of flats in Llanwrtyd Wells, and the lessees are in the process of being given lease extensions. I anticipate receiving funds within a month or so. How does the tax work, the property is co-owned with my husband ?
  • We wish to extend our lease. We will have been in the property for two years as of 22nd March 2016. It has around fivety five years remaining currently. Hoping to get a lease extension by way of an additional 90 years as quickly and stress free as possible.
  • Hopefully an easy question for you, how much is the premium payable for a lease extension on a residential property in Llanwrtyd Wells for a two bed flat - sec 42 is already served?
  • I am currently negotiating a lease extension for my flat in Llanwrtyd Wells as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • Do you handle lease extensions on land? (a plot of land in Llanwrtyd Wells with 82yrs remaining)
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    Lease Extensions in Llanwrtyd Wells

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