Questions and Answers: Rhayader Lease Extensions

  • My fiance agreed with the head landlord to a lease extension on our flat located in Rhayader, 16.5k for an extension by 90yrs. What's your legal fee ?
  • I own a leasehold flat in the Rhayader area and was wondering whether I could obtain a lease extension. What are your processes and fees. Has 67 years balance left
  • I am looking at investing in a second home but it has a lease that expires in 14 years. Its in Rhayader - I wanted to see if with your services this could be extended?
  • I am a freeholder of a block of flats in Rhayader, and the tenants are in the process of being granted lease extensions. I should hopefully get funds next week. Are there any tax implications, the property is co-owned with my partner ?
  • I would like some advice on purchasing a leasehold residence. We intend to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Rhayader 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?
  • Coming up to two years that I have been in my ground floor flat in Rhayader. I have 66 yrs left on the lease. I am now looking either to purchase a share of freehold or a lease extension. I acquired the property for 320K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my lawyers about the process, he answered most of my questions but just have one left: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process goes to LVT)?
  • We have been in discussion with our freeholder after having a valuation on our maisonette in Rhayader. We have a 79 year lease and we wish to increase this to 99. The Freeholder has given 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 lawyers to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • I am the freeholder of a property in Rhayader where the leaseholder would like a lease extension. Her valuer has given a figure of £8,000, but has upped this to £10,000 at the drop of a hat. My valuer has recommended a much higher figure. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to tribunal, can I handle the matter myself, just armed with the valuations I have? If not, what costs would I be likely to face?
  • I have sixety six years remaining on my lease of a ground floor flat in Rhayader, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
  • We have a studio flat in Rhayader with a lease of 54 years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?
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    Lease Extensions in Rhayader

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