Lease Extensions in Rudry

Frequently asked questions relating to Rudry Lease Extensions

My name´s Connor. I’m flat hunting in Rudry I'm thinking about offering on a garden flat online, with slightly more seventy two years remaining, how much will it likely cost to extend in this location by, say, 25 years?

I plan on buying a flat based in Rudry. The offer is subject to the lease extension. The vendor’s has given to the freeholder the Section 42 Notice. 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 Barnsley Building Society. Moreover, which are the following lease extension steps to complete the purchase?

The terms for the lease on my apartment in Rudry are 101 years from 15 Dec 1980. Please give me a quote for a lease extension if I give you more specifics please?

I am looking into the costs of carrying out a lease extension for my garden flat in Rudry, and would like some figures on that.

What will it cost me and what is the best way to start the lease extension process? I have approximately 68 years remaining on my lease on a garden flat in Rudry. I have called the managing agents who act on behalf of the freeholder and they provided me with the number for the surveyor. I telephone the surveyor but I am not getting any kind of answer.

My son has a share of freehold, with two other leaseholders in a building in Rudry. House divided into three apartments. He has a lease, which has approximately 72 years unexpired lease. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?

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?

I am concerned about getting a lease extension from tricky landlord. Regardless of the fact that the legal procedures were followed under the 1993 Act, the freeholder still tried to charge ground rent of £250 increasing by 100% every 25 years of the new term. Can you help?

I am planning on remortgaging my garden flat in Rudry and the bank that I am looking to switch to needs a minimum 85 years remaining on the lease in order for them to take the mortgage forward. We currently have around 74 years on the leasehold so require some help, guidance, and some quotes to get the wheels in motion for a lease extension

I'm looking for some advice with regard to a lease extension on my garden flat in Rudry. 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?

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