Lease Extensions in Pontypool

Common questions relating to Pontypool Lease Extensions

I want to acquire a leasehold property and lease extension. The homeowner has been there over two years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?

I would like to have my residential flat leasehold extension premium assessed. The flat is in Pontypool, and my lease will reach 60 years this October. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?

My mortgage lender requires several hundred pounds for their for a "deed of substituted security" for the lease extension for my flat in Pontypool... I can find no mention of this in my mortgage literature... is this a normal cost that they charge?

I am thinking about acquiring an auction property and identified a two bed flat in Pontypool. It only has a fifty year lease..the seller being mortgagees in possession will not want the aggravation of seeking a lease extension..what are the drawbacks of this except for the expensive fee to put a new lease on it and reduced chance of obtaining a mortgage with HSBC Bank?

My wife and I have a residential flat in Pontypool with 77 years remaining. Last year we were quoted a deal to have a lease extension for another fifty years but also uplift the ground rent from nominal to a little more..plus a premium I think of about 16k. Finally we have decided to move forward but do we now have to renegotiate?

I am in need of a lease extension for my flat in Pontypool and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?

I am in need of some help with a lease extension. I live in Glasgow but the flat in question is based in Pontypool. I would be grateful if you can give me a call when you get a chance to discuss the case.

I'm seeking some assistance concerning a lease extension on my flat. I'll be looking to do this in six months time as we must move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. Can you recommend a good with expertise in lease extensions. Ideally nearby in Pontypool?

We currently own a three bedroom ground floor purpose built flat in Pontypool and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 79 years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Do you have some advice on this? Should I contact the landlord first and will they be able to give me a cost?

I am currently negotiating a lease extension for my flat in Pontypool as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

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