Lease Extensions in Rhayader

Frequently asked questions relating to Rhayader Lease Extensions

So this is the scenario: I inherited a maisonette in Rhayader that I am finding difficult to sell as a result of the lease requiring a lease extension. Can you please help me with this situation ?

We have seen a house for sale for £215k and we are very keen on but we've just found out that it is leasehold. There are 928 years residual lease term 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 true? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any information would be much appreciated.

I invested in buying a garden flat based in Rhayader with a leasehold unexpired of 69 years. I am wondering about how much it will cost me to extend my leasehold

I purchased a garden flat in Rhayader. The lease started in 1997 for 99 years. Now I am wanting for a lease extension. I am unclear about additional expenses, could you tell me please how much I should expect to spend on this?

The intention is to sell our garden flat in Rhayader but we may need to extend the lease, or at least cover the expense of our buyers. Are you able to help me find a to undertake the legal formalities?

I am thinking about whether to purchase the freehold or a lease extension of my property in Rhayader and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously refinance with Norwich and Peterborough Building Society to release of equity. The adviser handling the remortgage suggested I get two quotes : one for the lease extension and one for outright acquisition .The lease commenced in 1972 and since then the ground rent has increased from £38.00 per year to £300 per year.

I own a leasehold apartment in Rhayader. I have built a large extension and have not informed my leaseholder. What should I do?

I would like some advice on purchasing a leasehold residence. We hope to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy 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 sublet the property?

My wife and I are acquiring a three bedroom ground floor purpose built flat in Rhayader which has share of freehold and a leasehold. The lease was on the short side so the seller commenced dealing with a lease extension. The vendor has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the house buying process is for our to do a "priority search" on the lease. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new lease title number is not known. Is it right that we must hold on pending registration of the new lease?

I require an estimate to extend my mother’s lease on a two bedroom second floor purpose built maisonette in Rhayader. She recently got a price from the landlord for a lease extension but I am far from certain if it is reasonable.

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