Frequently asked questions relating to Pontllanfraith Lease Extensions

  • We agreed with the head landlord to a lease extension on our flat based in Pontllanfraith, 12.5k for a further 90yrs. How long will it take ?
  • I’m about to offer on a ground floor flat to buy in the Pontllanfraith area and was curious how much would it cost for a lease extension? It has fivety five years as a balance left...
  • I'm intending to make an offer on a house in Pontllanfraith 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 Leeds Building Society giving us the mortgage now?
  • I am looking for a in Pontllanfraith and they need to be on the Barclays approved conveyancers panel as we need a lease extension and refinance at the same time. Are you able to recommend a ?
  • I am going to purchase a flat based in Pontllanfraith. The offer is conditional upon a lease extension. The current owner’s has given to the freeholder the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender HSBC Bank. Moreover, which are the following lease extension steps to complete the purchase?
  • I bought a maisonette in Pontllanfraith. I am looking to extend lease on the property. It is about eighty years. I would just like to know what your charges are and how long it would take for completion.
  • I will soon view a two bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 78 years balance left on the lease. It is also a repossession so I'm assuming that the bank will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?
  • I am a landlord of a block of flats in Pontllanfraith, and the tenants are in the process of being issued lease extensions. I should hopefully get the money within a month or so. As I am not on self assessment do I contact the tax man ?
  • Offer accepted on a a one bedroom apartment in Pontllanfraith, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer come through which states the lease as 85 years.We are soon to exchange contracts in a couple of days. My question is why has this only just been brought to my attention by my ?
  • Just been over 2 years that I have owned my garden flat in Pontllanfraith. I have 71 yrs left on the lease. I am now wanting to buy a share of freehold or extend my lease. I purchased the property for 350K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Pontllanfraith