Pantymwyn Lease Extensions: Q and A’s

  • We have seen a house for sale for £185,000 and we are very interested but we've just found out that it is leasehold. There are 798 years outstanding so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any feedback would be much appreciated.
  • 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 considering buying a studio flat (leasehold) but the landlord has been missing for slightly more than 15yrs. I wonder whether it will be cheaper to try to acquire the freehold or to get a lease extension and apply for right to manage?
  • I am a freeholder of a block of flats in Pantymwyn, and the lessees are in the process of being given lease extensions. I should hopefully get funds next month. As I am not on self assessment do I write to HMRC ?
  • I am the owner of a purpose-built apartment in a large development in Pantymwyn. The leasehold interest in the apartment on a ninety five year lease which commenced on 1 October 1970 with a set yearly rent of 20. I wish to obtain a lease extension. Is it possible for me to talk with someone to go through my options please?
  • I an interested in finding out more about leasehold property buying. We are going to buy a link detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Pantymwyn area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
  • I am looking to extend the lease on my ground floor flat in Pantymwyn I am looking for a local company to calculate the premium. I have a quote from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.
  • My partner and I are acquiring a garden flat in Pantymwyn which has share of freehold and a leasehold. The lease was on the short side so the seller is in the process of extending the lease. The seller has submitted the lease extension paperwork to HMLR. A crucial aspect of the house buying process is for our to do OS1 search on the property title. The concern 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 correct that we have to wait until the new lease is registered?
  • Just a quick question, how much are the legal fees for a lease extension on a residential property in Pantymwyn for a three bed flat - section 42 is already served?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my garden flat in Pantymwyn

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