Lease Extensions in Risca

FAQs concerning Risca Lease Extensions

I’m about to offer on a ground floor flat to purchase in the Risca area and was interested in finding out how much would it cost to extend a lease? It has 75 years unexpired...

I have shares in the freehold of 2 blocks of flats comprising of seven flats each. 2 of the leaseholders want to extend their leases and I'm curious about the the process

I want to buy a leasehold property and extend the lease. The seller has been there over 2 years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?

I am going to purchase a flat based in Risca. My offer is conditional upon a lease extension. The seller’s 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 Alliance & Leicester . Moreover, which are the following lease extension steps to complete the purchase?

I am a first time buyer of a leasehold flat in Risca. The lease has only fivety six years outstanding and ground rent is £25. Is it possible for the vendor to serve the Initial Notice and then transfer over the right to me as the buyer once I complete the buying process so that I can avoid waiting 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 consuming to the owner? To add to the complexity it’s the case of an missing freeholder, so I am not sure how does it work.

If a leaseholder owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?

We have been in discussion with our freeholder after having a valuation on our two bedroom second floor purpose built flat in Risca. We have a 63 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 to handle this for us. Can you please provide me what your costs would be to act on our behalf.

I have a leasehold property in Risca with 55 years left on the lease. I need a to help me get a lease extension. Can you help?

I have 72 years remaining on my lease of a ground floor flat in Risca, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high

We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my garden flat in Risca

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