St Davids Lease Extensions: Q and A’s

  • I am in need of a rough estimate of what a lease extension will cost for a flat I would like to purchase. It has seventy six years left.
  • Do you only handle lease extensions in St Davids? I own a flat in Abbey Wood with 90 years unexpired lease, I am looking for a quote from a .
  • I am looking for a in St Davids and they should be on the Virgin Money approved conveyancers panel as we need a lease extension and remortgage at the same time. Can you recommend any please ?
  • I need to talk to you about a flat in St Davids, I am thinking of buying at auction in the next few days. The flat has a short lease and I wanted to inquire about how much it would cost to get a lease extension and for your services.
  • I am thinking about acquiring an auction property and found a studio flat in St Davids. It only has a 48 year lease..the vendor as mortgagees in possession will not want to mess around with seeking a lease extension..what are the disadvantages of this except for the costly fee to extend the lease and reduced chance of obtaining a mortgage with Platform Home Loans Ltd?
  • Coming up to 2 years that I have owned my maisonette in St Davids. I have 76 years unexpired lease on the lease. I am now looking either to buy a share of freehold or extend my lease. I purchased the property for 350K, it is now roughly 450k. 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 St Davids based or any will do fine?
  • We are worried about seeking a lease extension from tricky landlord. Even though the legal procedures were followed under the appropriate legislation, the freeholder still attempted to charge ground rent of £250 increasing by 100% every 25 years of the new lease. Can you assist?
  • My son knows that others in the same block previously had a lease extension, and the freeholder was amenable. It therefore appears worth taking risk of not having formal survey and base the initial offer on previous prices . This would save on double valuation charges. Would you suggest this course of action?
  • I have 65 years remaining on my lease of a ground floor flat in St Davids, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high
  • I am currently negotiating a lease extension for my flat in St Davids 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 St Davids