Sample questions relating to Monmouth Lease Extensions

  • I would like to have my residential flat leasehold extension premium valued. The flat is in Monmouth, and my lease will reach 66 years this July. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • We are in a building comprising four flats in Monmouth and have been offered to buy the freehold for 7k 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 am about to view a one bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has 71 years balance left on the lease. It is also a repossession so I'm assuming that the vendor will not be interested in doing a lease extension. My primary concern is would it be difficult to sell on without a lease extension?
  • I am concerned that my daughter might have had the wool pulled over her eyes. She put in an offer on a maisonette in Monmouth, where the lease is around sixety nine years but she was informed by the estate agents that the homeowner had extended it to 125 years. She has now been told the homeowner was holding off for her to retain lawyers prior to commencing with the lease extension. Seems odd to me, also it could take a while to sort it all out. Am I reading too much into it?
  • I am considering buying an auction property and came upon a studio flat in Monmouth. It has just 41 year lease..the current owner being mortgagees in possession will not want the aggravation of negotiating a lease extension..what are the drawbacks of this except for the expensive fee to extend the lease and decreased chance of getting a mortgage with Alliance & Leicester ?
  • My leasehold flat in Monmouth is up for sale and I have a hopefully firm offer. There is eighty one years to run on the lease and I want a lease extension. How much does it cost on average to extend in this location by, say,ninety years
  • Offer accepted on a a three bed flat in Monmouth, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer sent through which states the lease as 82 years.We are about to exchange contracts in a couple of days. My question is how is possible that the estate agent got it so wrong?
  • I own 60% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around seventy four years. I need a conveyancing practitioners at my end. Can you advise please? I live near Monmouth and have a mortgage with Coventry Building Society.
  • Coming up to 2 years that I have been in my maisonette in Monmouth. I have 75 yrs outstanding on the lease. I am now looking either to purchase a share of freehold or a lease extension. I acquired the property for 342K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my property lawyers about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Monmouth based lawyers or any will do fine?
  • We have a three bed flat in Monmouth with a lease of fivety six years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?
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    Lease Extensions in Monmouth

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