Skewen Lease Extensions

Common questions relating to Skewen Lease Extensions

I have an interest in the freehold of buildings comprising of six flats each. Two of the leasehold owners want a lease extension and I'm wondering about the the process

I need to extend my existing lease can you assist? I think it has 76 years balance left

In 2012 I purchased a leasehold flat in Skewen. I have built a big extension and have not informed my freeholder. What should I do?

We have a first floor flat in Skewen with seventy two years remaining. Ten months ago we were quoted a deal to receive a lease extension for another 25 years but also increase ground rent from nominal to £200 per annum..plus a premium I think of approximately 10k. Finally we have decided to move forward but do we now have to renegotiate?

My OH and I are considering purchasing a two bedroom ground floor purpose built maisonette in Skewen which is a leasehold. I am wondering what are the advantages and disadvantages of that - what happens when lease ends, how much it costs to extend it, can the freeholder of the property evict me from my own flat and block me from extending the lease?

I intend to buy a one bed flat in Skewen for asking price of 156k, which has sixety seven years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?

My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?

Just been over 2 years that I have owned my one bedroom apartment in Skewen. I have 63 yrs unexpired lease on the lease. I am now looking either to purchase a share of freehold or a lease extension. I acquired the property for 350K, 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: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?

My wife and I are purchasing a one bedroom apartment in Skewen which has share of freehold and a leasehold. The lease was starting to get low so the vendor commenced extending the lease. The seller’s lawyer has submitted the lease extension paperwork to HMLR. An essential part of the conveyancing process is for our to do a "priority search" on the lease. The concern here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new lease title number is not known. Is it correct that we must hold on pending registration of the new lease?

I have 61 years remaining on my lease of a ground floor flat in Skewen, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable

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