Lease Extensions in Rhosesmor

FAQs concerning Rhosesmor Lease Extensions

I invested in buying a flat in Rhosesmor with a leasehold unexpired just under 68 years and need a lease extension. Please can you advise me of the next stages

My wife has a flat located in Rhosesmor which we are about to put on the market. The leasehold has around fivety six years unexpired on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we commence arranging a lease extension? Thank you.

I need to extend my current lease can you help me with that? I think it has sixety five years outstanding

Hello. I need someone to have a look at my lease extension before it's formalised just to ensure there's nothing that I haven't seen - it's just a reissue with a few minor amendments.

The terms for the lease on my flat in Rhosesmor are 101 years from 10 Jan 1989. Please give me a quote to extend the lease if I give you more specifics please?

I need to talk to you about an apartment in Rhosesmor, I am considering buying at auction next month. The flat has a short lease and I wanted to inquire about what it would cost to get a lease extension and for your services.

I am looking to either purchase the freehold or a lease extension of my property in Rhosesmor and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a get a new mortgage with Accord Mortgages Ltd to release of equity. The adviser dealing with the remortgage suggested I get two estimates : one for the lease extension and one for outright purchase .The lease began in 1979 and since then the ground rent has been raised from £25.00 per year to £200 per annum.

I am a first time buyer of a leasehold flat in Rhosesmor. The lease has only seventy years remaining and ground rent is £75. Is it possible for the homeowner to serve the Section 42 Notice and then transfer this right to me as the purchaser once I complete the buying process so that I can avoid waiting for the 2 year qualifying 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 seller? Unfortunately it’s the case of an absent landlord, so I am not sure how this will play out.

I am planning to get a lease extension and am wondering which step I have to do first, I have been previously told that I have to have the finances in place before I initiate the process, is this correct?

I am currently negotiating a lease extension for my flat in Rhosesmor 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?

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