Questions and Answers: St Davids Lease Extensions

  • We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 928 years left 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 the house being ours. Any feedback would be much appreciated.
  • I am looking to buy a ground floor flat in St Davids with a lease of sixety five years but not sure how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • I am going to purchase a flat located in St Davids. The offer is conditional upon a lease extension. The seller’s lawyers 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 Bank of Ireland. Moreover, which are the following lease extension steps to complete the purchase?
  • We hope to sell our studio flat in St Davids but we may need to extend the lease, or possibly cover the expense of our buyers. Are you able to suggest a conveyancing practitioners to assist?
  • I acquired a garden flat in St Davids. I am looking to extend lease on the property. It is around eighty years. I would just like to know what your charges are and how long the process takes.
  • I am a FTB of a leasehold flat in St Davids. The lease has only seventy nine years unexpired and ground rent is £95. Is it possible for the homeowner to serve the Section 42 Notice and then transfer over the right to me as the buyer on the day of completion so that I don't have to wait for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time consuming to the owner? To add to the complexity it’s the case of an absent landlord, so I am not sure how this will play out.
  • I have a flat in St Davids with seventy eight years remaining on the lease. I need a solicitors to act for me to get a lease extension. Can you help?
  • I'm intent on acquiring a flat in St Davids at a price of £210,000 the flat has something like 65 years left on the lease. My offer was subject to the lease being extended... .. that was back in November, expecting I'd be in before now. They have just come back saying they are willing to knock £3k off if I deal with the lease extension myself. I'm unsure if I should take them up on the offer
  • Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in St Davids for a three bed flat - sec 42 is already served?
  • Do you handle lease extensions on land? (a plot of land in St Davids with 82yrs remaining)
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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