Maesteg Lease Extensions: Q and A’s

  • I am going to purchase a flat based in Maesteg. The offer is conditional upon a lease extension. The vendor’s lawyers has served the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender The Royal Bank of Scotland. Moreover, which are the following lease extension steps to complete the purchase?
  • My co-lessees and I are in a building containing three flats in Maesteg and have been offered to buy the freehold for 5k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I'm looking for an apartment to purchase in Maesteg and I'm not really familiar with the leasehold title. I've identified a two bedroom ground floor purpose built maisonette I like with a 90 years lease. My research reveals that I can apply for a lease extension having owned the property for 2 years, but:- Should I anticipate any issue with the mortgage?
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously advised that I have to have the finances in place before I commence the process, is this correct?
  • I am hoping to extend the lease on my ground floor flat in Maesteg I am looking for a local company to calculate the premium. I have a price from the landlord. I would like to go forward as soon as possible, but for the right premium and fee.
  • I own 50% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 75 years. I need a conveyancers at my end. Can you advise please? I live near Maesteg and have a mortgage with Santander.
  • I have a leasehold property in Maesteg with fivety four years remaining on the lease. I need a lawyers to act for me to achieve a lease extension. Can you assist?
  • I'm intent on purchasing an apartment in Maesteg valued at £210,000 the flat has just under 78 years left on the lease. I put in an offer conditional upon a lease extension... .. that was back in June, hoping I'd be in by now. They have just informed the agent that they are prepared to reduce the price by£2k if they don't have to deal with the lease extension. I'm not sure if I should take them up on the offer
  • Hopefully an easy question for you, how much is the premium payable for a lease extension on a residential property in Maesteg for a one bed flat - section 42 is already in place?
  • I own the freehold reversion of a property in Maesteg and a leaseholder has requested a lease extension. Her so called valuation expert has suggested a figure of £8,000, but has upped this by £2,000 at the drop of a hat. My valuer has put forward a much higher premium. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to tribunal, can I deal with this myself, just armed with the valuations I have? If not, what charges would I be likely to incur?
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    Lease Extensions in Maesteg

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