Frequently asked questions relating to Saundersfoot Lease Extensions

  • I’m just looking for a ground floor flat to buy in the Saundersfoot area and was interested in finding out what the likely fees would be for a lease extension? It has 76 years outstanding...
  • I own a leasehold flat in the Saundersfoot area and was enquiring if I could obtain a lease extension. What are your processes and fees. There are 79 years outstanding
  • We have seen a house for sale for £215k and we are very keen on but we've just discovered that it is leasehold. There are 899 years outstanding so a lease extension is not required. 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 owning the property. Any advice would be much appreciated.
  • I am looking for advice as I am interested in a property that has only a seventy six year lease and therefore requires a lease extension. Is it possible for me to call someone to discuss my options please?
  • I own 60% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around sixety nine years. I need a at my end. Can you advise please? I live near Saundersfoot and have a mortgage with Barclays .
  • Coming up to two years that I have been in my garden flat in Saundersfoot. I have seventy seven yrs remaining on the lease. I am now looking either to buy a share of freehold or extend my lease. I acquired the property for 320K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Saundersfoot based or any will do fine?
  • I have a freehold of a three bedroom flat in Saundersfoot. The leaseholders have sixety years on a lease and wants to purchase another 90 years. The have offered me 22k. Is this around the right price?
  • I am planning on refinancing my one bed flat in Saundersfoot and the bank that I am looking to move to requires at least 85 years on the leasehold of my property in order for them to take the mortgage forward. We currently have around seventy six years on the leasehold so require some help, guidance, and some quotes to start the lease extension process
  • I have 55 years remaining on my lease of a ground floor flat in Saundersfoot, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable
  • I am currently negotiating a lease extension for my flat in Saundersfoot 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 Saundersfoot