Frequently asked questions relating to Machynlleth Lease Extensions

  • I am looking for a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has sixety five years balance left.
  • Hello. I need a to have a look at my lease extension prior to it being completed just to make sure there's nothing that I haven't seen - it's just a reissue with a few minor changes.
  • We inherited a leasehold with a landlord who has not given us a counter-notice for a lease extension for our flat in Machynlleth and looking to do a vesting order. Is this something you can do for us?
  • I am concerned that my niece might have had the wool pulled over her eyes. She put in an offer on a one bedroom apartment in Machynlleth, where the lease is roughly seventy four years but she was advised by the estate agents that the current owner had extended it to 125 years. Only now has she been told the owner was holding off for her to instruct conveyancers before commencing with the lease extension. Seems underhand, also it will take time to sort it all out. Am I reading too much into it?
  • My mortgage lender is requesting several hundred pounds for their for a "deed of substituted security" for the lease extension for my flat in Machynlleth... I can find no reference of this in my mortgage booklet... is this a normal fee to pay?
  • I own a purpose-built flat based in a small development in Machynlleth. The leasehold interest in the apartment on a 101 year lease started from 2nd October 1980 with a non-reviewable yearly rent of 20. I wish to obtain a lease extension. Can I call someone to discuss my options please?
  • Me and my husband have owned a leasehold flat for about twenty years. There are sixety seven years outstanding on the lease. After a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to LVT and would appreciate some independent thoughts.
  • We would like to know the cost of a lease extension valuation for a property based in Machynlleth. Would you be able to help?
  • I am currently in the process of refinancing my studio flat in Machynlleth and the next lender that I am looking to move to requires at least 80 years on the leasehold of my property in order for them to take the mortgage forward. We currently have around 73 years on the leasehold so looking for some help, guidance, and some quotes to set the wheels in motion for a lease extension
  • I have a lease of 69 years remaining on my flat in Machynlleth. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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