Lease Extensions in Morriston

Examples of recent questions relating to Lease Extensions in Morriston

I have shares in the freehold of 2 blocks of flats comprising of six flats each. 2 of the leaseholders want to extend their leases and I'm curious about the procedure for this

I invested in buying a ground floor flat in Morriston. I am looking for a lease extension on the property. It is nearly eighty one years. I would just like to know what your charges are and how long it would take for completion.

I need to talk to you about a leasehold property in Morriston, I am thinking of bidding at auction in the next few days. The flat only has a few years remaining and I wanted to inquire about how much it would cost to get a lease extension and for your services.

Me and my wife are considering purchasing a studio flat in Morriston which is a leasehold. I am wanting to weigh up the advantages and disadvantages of that - what happens when lease expires, the cost of a lease extension, can the freeholder of the property evict me from my own flat and block me from having a lease extension?

My husband and I are proceeding with a purchase of a studio flat in Morriston. I was advised by the EA that the lease extension had already been completed while on a viewing (sixety three years remaining prior to extension). The sales particulars said "sold with a long lease". It turns out at the point of exchange of contracts we find that there has been no lease extension. The current owner supposedly has a quote but no money to extend and consequently the owner wants to exchange and use the my deposit to extend the lease. My question is how is possible that the estate agent got it so wrong?

I'm living with my mother and father but have a one bed flat in Morriston let out which has a seventy three year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Morriston for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Not sure sure whether to hold on or sell the flat?

Coming up to two years that I have been in my 2 bed flat in Morriston. I have seventy five years left on the lease. I am now wanting to purchase a share of freehold or extend my lease. I purchased the property for 350K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: In terms of surveyors - how do I go about finding one?

If somebody owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?

I am planning on remortgaging my one bed flat in Morriston and the next lender that I am looking to switch to requires a minimum 80 years on the leasehold of my property in order for them to take the mortgage forward. We currently have around 56 years on the leasehold so looking for some help, guidance, and some quotes to set the wheels in motion for a lease extension

Do you handle lease extensions on land? (a plot of land in Morriston with 82yrs remaining)

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