Questions and Answers: Neath Lease Extensions

  • I have shares in the freehold of 2 blocks of flats comprising of 8 flats each. Two of the leaseholders want to extend their leases and I'm curious about the procedure for this
  • Possibly made an error, I am seeking a conveyancers in Neath who has Leasehold Tribunal expertise in relation to lease extensions. Are you able to assist me with?
  • Last year I purchased a leasehold flat in Neath. I have built a huge extension and have not informed my leaseholder. What should I do?
  • My mortgage lender requires a £450 fee for their lawyers to agree a lease extension for my flat in Neath... I am unable to find any mention of this in my mortgage literature... is this a usual fee to pay?
  • I am considering buying an auction property and came upon a studio flat in Neath. It has just 49 year lease..the vendor as mortgagees in possession will not want to mess around with seeking a lease extension..what are the drawbacks of this other than the costly fee to put a new lease on it and decreased chance of obtaining a mortgage with Godiva Mortgages Ltd?
  • My partner and I had entered into buying a three bedroom ground floor purpose built maisonette in Neath. I was told that the lease had been extended (68 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 supposedly has a quote but no funds to extend as a result the flat owner wants to exchange and use the my deposit for the lease extension. My question is how is possible that the estate agent got it so wrong?
  • Coming up to two years that I have owned my garden flat in Neath. I have fivety six yrs outstanding on the lease. I am now wanting to purchase a share of freehold or a lease extension. I acquired the property for 350K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my conveyancing practitioners about the process, he answered most of my questions but just have one left: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to the tribunal etc)?
  • Hi I own the freehold interest in a 3 bedroom flat in Neath. The leaseholder has a 69 year lease and would like to purchase an additional 90 years. She is offering me £27,000 but I am unsure if this is in the right ballpark
  • I have fivety five years remaining on my lease of a ground floor flat in Neath, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
  • We have a three bedroom second floor purpose built flat in Neath with a lease of 75 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 Neath

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