Sample questions relating to St Davids Lease Extensions

  • I would like to have my residential flat leasehold extension premium assessed. The flat is in St Davids, and my lease will reach sixety years this Septembmer. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?
  • I'm considering purchasing a maisonette (leasehold) but the landlord has been missing for slightly more than 15yrs. My question is would it be less expensive to try to buy the freehold or to extend lease and apply for right to manage?
  • My co-lessees and I are in a building of five flats in St Davids and have been offered to buy the freehold for 8k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I am looking at bidding for an auction property and came upon a two bed flat in St Davids. It has just 48 year lease..the seller being mortgagees in possession dont want the aggravation of applying for a lease extension..what are the drawbacks of this other than the costly fee to put a new lease on it and reduced chance of getting a mortgage with Leeds Building Society?
  • 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 looking for advice as I am interested in a property that has only a 66 year lease and therefore requires a lease extension. Is it possible for me to talk with someone to go through my options please?
  • I am the freeholder of a Victorian property split into two flats. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current sixety one years. What are my next steps?
  • If somebody 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 doing it?
  • Me and my sister are purchasing a maisonette in St Davids which has share of freehold and a leasehold. The lease was on the short side so the seller commenced extending the lease. The vendor has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our lawyers to do a pre-completion search on the property title. The concern here is that as a lease extension has been submitted we've been told by our solicitors it may not be possible to do this "priority search" right now as the new property title number is not known. Is it right that we have to hold on until the lease extension has actually been registered before completing.?
  • I am the registered freeholder to two flats. Someone has the lease on the ground flat in St Davids. I reside in the top flat. I was looking at the title deeds recently when I noticed that my flat is leasehold. There is sixety three years unexpired. If I want to do a lease extension then would I simply be paying for the property lawyers fees?
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    Lease Extensions in St Davids

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