Recently asked questions relating to Rhayader Lease Extensions

  • 35k agreed with the landlord’s agents, just seeking to find a Rhayader property lawyers for a lease extension. Our lease has around 60 yearsoutstanding. How long will this 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 928 years residual lease term so a lease extension is not required. 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 help would be much appreciated.
  • I am going to purchase a flat in Rhayader. The offer is subject to the lease extension. The current owner’s lawyers 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 Platform Home Loans Ltd. Moreover, which are the following lease extension steps to complete the purchase?
  • In 2010 I purchased a leasehold flat in Rhayader. I have built a large extension and have not informed my leaseholder. What are my options?
  • We have a GFF in Rhayader. There is 81 years remaining on the lease and we want a lease extension. How much will it likely cost to extend in this location by, say,35 years
  • I am in need of some help with a lease extension. I live in Belfast but the flat in question is based in Rhayader. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I'm living at parents but have a studio flat in Rhayader let out which has a 76 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Rhayader for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Should I keep or sell the flat?
  • I am the registered freeholder of a couple of flats. Someone has the lease on the ground flat in Rhayader. I live in the upper flat. I was looking at the title deeds today when I noticed that my flat has a lease on it. There is sixety eight years left. Is it possible to carry out a lease extension without instructing a property lawyers?
  • I am worried about seeking a lease extension from tricky freeholder. Regardless of the fact that the correct procedures were followed under the appropriate legislation, the landlord still attempted to get ground rent of £200 increasing by 100% every 25 years of the new term. Can you assist?
  • I have a lease of 54 years remaining on my flat in Rhayader. 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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    Lease Extensions in Rhayader

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