Sample questions relating to Rhayader Lease Extensions

  • I have shares in the freehold of 2 blocks of flats comprising of seven flats each. Two of the leasehold owners want to extend their leases and I'm curious about the procedure for this
  • I need to extend my current lease can you help me with that? My investigation with the Land Registry reveal that it has sixety four years remaining
  • I want to buy a leasehold property and lease extension. The seller has been there over 2 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 ?
  • We have seen a house for sale for £195k and we are very interested but we've just discovered that it is leasehold. There are 928 years unexpired so a lease extension is not an issue. 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 25 years without the house being ours. Any information would be much appreciated.
  • I own a maisonette in Rhayader. The lease started in 2001 for 99 years. Now I am looking to extend the lease. I am in the dark about additional expenses, could you tell me please how much I should expect to spend on this?
  • Regarding a property in Rhayader. lower maisonette. seventy nine yrs unexpired. I have an agreed lease extension to £14k for 135yrs. Landlord also insisted on Initial Notice which I think should not be required. Can you assist.
  • We are looking to extend our lease. We will have been in the flat for two years as of 13th April 2016. It has circa sixety four years remaining currently. Hoping to get a lease extension with a further 90 years as expeditiously and stress free as is reasonably achievable.
  • My conveyancers (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
  • We have a garden flat in Rhayader with a lease of 69 years left with a value of around £370000 we want to add 125 years to it, how much is that likely to cost?
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    Lease Extensions in Rhayader

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