Monmouth Lease Extensions: Q and A’s

  • I’m about to offer on a ground floor flat to buy in the Monmouth area and was curious what the likely fees would be for a lease extension? It has 71 years as a balance left...
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Monmouth, and my lease will reach 55 years this November. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • I plan on buying a flat based in Monmouth. My offer is subject to the lease extension. The flat owner’s has served the Section 42 Notice. 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 Coventry Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • Possibly made a mistake, I am actually looking for a in Monmouth who has Leasehold Tribunal expertise in relation to lease extensions. Are you able to assist me with?
  • I bought a maisonette in Monmouth. I am looking to extend lease on the property. It is nearing eighty one years. I would just like to know what your charges are and how long the process takes.
  • I am about to view a two bedroom apartment, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 61 years outstanding on the lease. It is also a repo so I'm assuming that the lender will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?
  • We are looking to extend our lease. We will have been in the flat for 2 years as of 21st Jan 2016. It has approximately sixety two years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as possible.
  • We are proceeding with a purchase of a garden flat in Monmouth. I was advised by the EA that the lease extension had already been completed while on a viewing (64 years outstanding prior to extension). The description on the listing said "sold with a long lease". It transpires as we are about to exchange of contracts we find that there has been no lease extension. The homeowner apparently has a quote but no money to extend and consequently the homeowner wishes to exchange and use the deposit monies to extend the lease. My question is as the lease hasn't been extended is there not a danger that it would breach my lenders lease length criteria?
  • Even though I may not need a lease extension but I do need a vesting order on a property I want to acquire in Monmouth. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1889. Its the garden area.
  • Me and my husband are in the throws of buying a home (a one bedroom apartment based inMonmouth with share of freehold). Throughout our search, we were always looking at flats that had a minimum ninety years balance left. We identified a place we liked and the selling agent assured that the lease was long albeit not specifying a number. Today our advised us the lease only has sixety one years and therefore requires a lease extension. Should we run away, or do we reduce our offer?

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