Common questions relating to Mynydd Isa Lease Extensions

  • My wife has a flat located in Mynydd Isa which we are about to put on the market. The leasehold has roughly seventy nine years outstanding on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we commence arranging a lease extension? Thank you.
  • I'm planning to make an offer on a house in Mynydd Isa but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect National Westminster Bank giving us the mortgage now?
  • Hello. I need a to review my lease extension prior to it being formalised just to make sure there's nothing that I haven't seen - it's just a reissue with a few small amendments.
  • I purchased a garden flat in Mynydd Isa. I am looking for a lease extension on the property. It is slightly less than 80 years. I would just like to know what your charges are and how long the process takes.
  • I am a first time buyer of a leasehold flat in Mynydd Isa. The lease has just 63 years left and ground rent is £25. Is it possible for the vendor to serve the Initial Notice and then assign this right to me as the buyer once I complete the buying process so that I can avoid waiting for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time consuming to the seller? To add to the complexity it’s the case of an missing freeholder, so I am not sure how this will play out.
  • My mortgage lender is requesting several hundred pounds for their to agree a lease extension for my flat in Mynydd Isa... I am unable to find any mention of this in my mortgage booklet... is this a usual charge?
  • I'm living with my parents but have a studio flat in Mynydd Isa let out which has a 73 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 Mynydd Isa 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. Should I keep or sell the flat?
  • My and my partner are worried about getting a lease extension from an objectionable landlord. Notwithstanding that the correct procedures were adhered to under the appropriate legislation, the landlord still attempted to get ground rent of £200 increasing by 100% every twenty five years of the new term. Can you help?
  • We currently own a maisonette in Mynydd Isa and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 62 years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Do you have some advice on this? Do I contact the freeholder first and will they be able to give me a cost?
  • I am currently negotiating a lease extension for my flat in Mynydd Isa as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

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