Raglan Lease Extensions

Frequently asked questions relating to Raglan Lease Extensions

20,000 agreed with the landlord, just trying to find a Raglan for a lease extension. Our lease has nearly 79 yrsunexpired lease. Are you willing to help us with this situation ?

I have shares in the freehold of 2 blocks of flats comprising of six flats each. Two of the leasehold owners want a lease extension and I'm curious about the the process

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 bought a garden flat in Raglan. The lease commenced in 1992 for 99 years. Now I am wanting for a lease extension. I am in the dark about additional expenses, could you tell me please how much I should expect to spend on this?

I plan on buying a flat based in Raglan. The offer is conditional upon a lease extension. The flat 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 The Mortgage Works. Moreover, which are the following lease extension steps to complete the purchase?

We are in a building containing three flats in Raglan and have been offered to buy the freehold for £5000 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 looking to either purchase the freehold or a lease extension of my property in Raglan and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously remortgage with Bank of Ireland to release of equity. The adviser dealing with the remortgage suggested I get two estimates : one for the lease extension and one for outright purchase .The lease commenced in 1981 and since then the ground rent has increased from £25.00 per year to £125 per annum.

I an interested in finding out more about leasehold property buying. We plan to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Raglan area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?

Just been over two years that I have been in my one bedroom ground floor purpose built maisonette in Raglan. I have 66 yrs left on the lease. I am now wanting to buy a share of freehold or a lease extension. I purchased the property for 342K, 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: In terms of surveyors - how do I go about finding one?

My husband and I are in the throws of buying a home (a garden flat inRaglan with share of freehold). Throughout our search, we were always looking at flats that had at least 84 years left. We found a flat we fell in love with and the selling agent promised us that the lease term was not an issue. Today our told us the lease only has 79 years and therefore requires a lease extension. Should we walk away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?

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