Recently asked questions relating to Machynlleth Lease Extensions

  • I’m looking for lease extension for our flat in Machynlleth and we are confused by the communication that we got from our freehold company. What's your solicitors fee?
  • My partner has an apartment based in Machynlleth which we are about to put on the market. The leasehold has circa sixety four years left on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Thank you.
  • I wondered if you could help me on how much it would charges and the optimum way to get a lease extension started? I have around sixety nine years outstanding and I own a garden flat in Machynlleth.
  • I have my suspicions that my niece might be having the wool pulled over her eyes. She submitted an offer on a garden flat in Machynlleth, where the lease is around sixety six years but she was informed by the selling agents that the seller had extended it to 125 years. She has now been informed the vendor was waiting for her to instruct solicitors ahead of instigating the lease extension. Seems odd to me, also it could take months to sort it all out. What do you think?
  • My wife and I are considering purchasing a studio flat in Machynlleth which is a leasehold. I am enquiring as to the pros and cons of that - what happens when lease expires, the cost of a lease extension, can the freeholder of the property evict me from my own flat and prevent me from extending the lease?
  • We are looking to extend our lease. We will have been in the property for two years as of 22nd Jan 2015. It has approximately 54 years remaining currently. Hoping to get a lease extension by another 90 years as quickly and stress free as is reasonably achievable.
  • I am the freeholder of a Edwardian property split into two flats. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 55 years. What are my next steps?
  • Just been over 2 years that I have been in my garden flat in Machynlleth. I have 69 yrs outstanding on the lease. I am now looking either to buy a share of freehold or a lease extension. I acquired the property for 342K, it is now roughly 425k. 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: In terms of surveyors - how do I go about finding one?
  • I'm looking at purchasing a flat in Machynlleth valued at £256,000 the flat has approaching 71 years left on the lease. My offer was conditional upon the lease being extended... .. that was back in September, hoping I'd have completed by Christmas. They have just informed the agent they are willing to reduce the price by£8k if I deal with the lease extension myself. I'm not sure if I should take them up on the offer
  • We know that others in the same block had already had a lease extension, and the freeholder seemed amenable. It therefore appears worth taking risk of avoiding a formal survey and base the initial offer on previous premiums paid . This would save on double valuation charges. Would you suggest this course of action?

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