Examples of recent questions relating to Lease Extensions in Ogmore By Sea

  • I want to acquire a leasehold property and lease extension. The current owner has been there for three years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • Possibly made a mistake, I am actually looking for a in Ogmore By Sea who has Leasehold Tribunal expertise when it comes to lease extensions. Is this something you can assist me with?
  • We invested in buying a leasehold with a landlord who has failed to respond by way of a counter-notice for a lease extension for our flat in Ogmore By Sea and looking to do a vesting order. Is this something you can handle for us?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • I'm living with my mum and dad but have a maisonette in Ogmore By Sea let out which has a 56 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 Ogmore By Sea 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 13k. Not sure sure whether to hold on or sell the flat?
  • I do not need a lease extension but I do need a vesting order on a property I want to purchase in Ogmore By Sea. The house is freehold but the garden is officially leasehold, 1000 year lease from 1889. Its the garden area.
  • If somebody owns a flat with a lease of under 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?
  • My brother and I are are hoping to complete on a two bedroom second floor purpose built flat in Ogmore By Sea which has share of freehold and a leasehold. The lease was starting to get low so the owner is in the process of dealing with a lease extension. The owner has submitted the lease extension paperwork to HMLR. An essential part of the house buying process is for our to do a "priority search" on the property title. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number is not known. Is it right that we have to hold on until the new lease is registered?
  • My brother and I are hoping to buy a property (a two bedroom first floor purpose built flat inOgmore By Sea with share of freehold). Throughout our search, we were always looking at flats that had at least 83 years outstanding. We identified a place we fell in love with and the selling agent assured that the lease term was not an issue. This morning our told us the lease only has fivety four years and thus needs a lease extension. Do we run away, or do we negotiate our offer?
  • I am planning on remortgaging my studio flat in Ogmore By Sea and the new lender that I am looking to move to requires at least 80 years remaining on the lease in order for them to take the mortgage forward. We currently have around sixety eight years on the leasehold so require some help, guidance, and some quotes to start the lease extension process

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