Top Ten Questions relating to Rhosesmor Lease Extensions

  • My name´s Jonathan. I’m flat hunting in Rhosesmor I'm seeing a 2 bed flat online, with circa sixety years left, how much will it likely cost to extend in this location by, say, 35 years?
  • We have seen a house for sale for £185,000 and we are very keen on but we've just discovered that it is leasehold. There are 899 years remaining 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 25 years without the house being ours. Any help would be much appreciated.
  • I am a FTB of a leasehold flat in Rhosesmor. The lease has just sixety six years remaining and ground rent is £50. Is it possible for the seller to serve the Section 42 Notice and then assign this right to me as the buyer on the day of completion so that I don't have to wait for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time costly to the vendor? Unfortunately it’s the case of an missing freeholder, so I am not sure how does it work.
  • We are considering purchasing a ground floor flat in Rhosesmor which is a leasehold. I am enquiring as to the pros and cons of that - what occurs when lease ends, how much it costs to extend it, can the freeholder of the property evict me from my own flat and prevent me from extending the lease?
  • I am looking for advice as I am interested in a property that has only a 56 year lease and therefore requires a lease extension. Can I talk with someone to discuss my options please?
  • Even though I may not need a lease extension but I do need a vesting order on a property I want to buy in Rhosesmor. The house is freehold but the garden is officially leasehold, 1000 year lease from 1895. Its the rear garden.
  • It says on your website the anticipated fee for dealing with a lease extension is £495. Is that the total cost including value added tax and the land registry fee? The price has already been negotiated with the freeholder for the lease extension for my maisonette in Rhosesmor
  • We are in the throws of buying a property (a one bedroom apartment inRhosesmor with share of freehold). Throughout our search, we were always looking at properties that had at least 84 years remaining. We found a flat we fell in love with and the selling agent assured that the lease term was not an issue. Yesterday our advised us the lease only has 65 years and therefore requires a lease extension. Should we run away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I have 64 years remaining on my lease of a ground floor flat in Rhosesmor, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
  • I'm looking for some advice with regard to a lease extension on my maisonette in Rhosesmor. I'll be looking to do this sometime next year as we need to move at some point 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 tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

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