Frequently asked questions relating to Pontypridd Lease Extensions

  • Me and my fiance are looking for lease extension for our garden flat in Pontypridd and we don't fully understand the communication that we got from our landlord company. How long will it take?
  • We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 899 years remaining so a lease extension is not a worry. 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 correct? We wouldn't want to pay a mortgage for twenty years without owning the property. Any information 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?
  • My co-lessees and I are in a building comprising three flats in Pontypridd and have been offered to buy the freehold for £6000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I am the registered owner of a two bedroom ground floor purpose built maisonette in Pontypridd. I am looking to extend lease on the property. It is circa 80 years. I would just like to know what your charges are and how long the process takes.
  • I am considering whether to purchase the freehold or a lease extension of my property in Pontypridd and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously refinance with Coventry Building Society to free up equity. My adviser handling the remortgage suggested I get two quotes : one to extend the lease and one for outright acquisition .The lease began in 1981 and since then the ground rent has been raised from £38.00 per year to £300 per year.
  • We are considering purchasing a studio flat in Pontypridd which is a leasehold. I am wondering what are the pros and cons of that - what occurs when lease expires, how much it costs to extend it, can the freeholder of the property evict me from my own flat and block me from having a lease extension?
  • We have been in discussion with our freeholder after having a valuation on our one bedroom apartment in Pontypridd. We have a 74 year lease and we wish to increase this to 99. The Freeholder has supplied us with a financial figure that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • I have a freehold of a three bedroom flat in Pontypridd. The leaseholders have seventy one years on a lease and wants to purchase another 90 years. The have offered me 19k. Is this around the right price?
  • I have a lease of 68 years remaining on my flat in Pontypridd. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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