FAQs concerning Machynlleth Lease Extensions

  • Hi, I am looking somewhere around or in Machynlleth 8-10 years lease remaining houses. I dont know if I am on the right site. Can I find lease remaining houses from here?
  • I am looking to extend the lease on my studio flat in Machynlleth which will have seventy seven years remaining in November. What fees apply?
  • Do you only undertake lease extensions in Machynlleth? I own a flat in Abbey Wood with 90 years unexpired lease, I am looking for a quote from a .
  • 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 own a leasehold flat in Machynlleth. I have built a large extension and have not informed the leaseholder. What are my options?
  • My wife and I have a one bedroom flat based in Machynlleth. There is 80 years unexpired on the lease and we want to extend the lease. How much will it likely cost to extend in this area by, say,ninety years
  • Offer accepted on a a ground floor flat in Machynlleth, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer come through which states the lease as eighty years.Contracts were due to be exchanged within a week. My query is how is possible that the estate agent got it so wrong?
  • I note that your website states the anticipated fee to extend a lease is £495. Is that the all inclusive cost excluding vat and the HMLR fee? The premium has already been negotiated with the freeholder for the lease extension for my three bedroom second floor purpose built flat in Machynlleth
  • I am worried about getting a lease extension from an objectionable freeholder. Even though the correct procedures were followed under the 1993 Act, the freeholder still tried to charge ground rent of £300 increasing by 100% every 25 years of the new lease. Can you help?
  • I am currently negotiating a lease extension for my flat in Machynlleth 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?

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