Questions and Answers: Narberth Lease Extensions

  • 20,000 agreed with the freeholder, just attempting to find a Narberth for a lease extension. Our lease has around 55 yearsremaining. How long will this take ?
  • I bought a property in Narberth and it has roughly seventy three years remaining. I'd like to extend the lease period
  • I need to extend my existing lease can you help me with that? My investigation with the Land Registry reveal that it has fivety four years balance left
  • Hi. I need a to review my lease extension ahead of it being completed just to ensure there's nothing that I haven't seen - it's just a reissue with a few minor variations.
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I'm deliberating over purchasing a ground floor flat (leasehold) but the freeholder has been missing for around 15yrs. I wonder whether it will be cheaper to try to acquire the freehold or to extend lease and apply for RTM?
  • We are in a building containing five flats in Narberth and have been offered to buy the freehold for £3,500 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?
  • 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?
  • Hopefully an easy question for you, how much does it cost for a lease extension on a residential property in Narberth for a two bed flat - sec 42 having been issued?
  • I have sixety four years remaining on my lease of a ground floor flat in Narberth, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high

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