Questions and Answers: Rhiwderin Lease Extensions

  • I want to buy a leasehold property and extend the lease. The flat owner has been there for four years and will sign 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 899 years residual lease term so a lease extension is not a worry. 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 twenty years without the house being ours. Any suggestions would be much appreciated.
  • Hello. I need a conveyancers to have a look at my lease extension before it's completed just to ensure there's nothing that I haven't seen - it's just a reissue with a few minor variations.
  • I'm looking for an apartment to purchase in Rhiwderin and I'm not really familiar with the leasehold title. I've found a maisonette I like with a 82 years lease. My research reveals that I can apply for a lease extension after a couple of years, but:- Is this a given?
  • My flat in Rhiwderin is up for sale and I have a hopefully firm offer. There is 82 years unexpired on the lease and I want to extend the lease. What will it likely cost to get a lease extension by, say,fifty years
  • I own 70% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around sixety eight years. I need a conveyancing practitioners at my end. Can you advise please? I live near Rhiwderin and have a mortgage with Platform Home Loans Ltd.
  • Me and my sister have been in discussion with our freeholder after having a valuation on our studio flat in Rhiwderin. We have a 78 year lease and we wish to increase this to 99. The Freeholder has provided us with a financial figure that he 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 property lawyers to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • Me and my partner are are hoping to complete on a garden flat in Rhiwderin which has share of freehold and a leasehold. The lease was on the short side so the seller is in the process of extending the lease. The owner has submitted the lease extension paperwork to HMLR. An essential part of the house buying process is for our conveyancers to do a pre-completion search on the lease. The problem here is that as a lease extension has been submitted we've been told by our conveyancers it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it correct that we must wait until the new lease is registered?
  • I'm looking for some help with regard to a lease extension on my maisonette. The intention is to do this next June as we need to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. Do I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?
  • I am currently negotiating a lease extension for my flat in Rhiwderin as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • Other Topics

    Lease Extensions in Rhiwderin

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