FAQs concerning St Fagans Lease Extensions

  • I'm planning to make an offer on a house in St Fagans but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Barclays giving us the mortgage now?
  • We have seen a house for sale for £185,000 and we are very keen on but we've just discovered that it is leasehold. There are 798 years unexpired so a lease extension is not a worry. 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 correct? We wouldn't want to pay a mortgage for 25 years without owning the property. Any advice would be much appreciated.
  • I am looking to purchase a ground floor flat in St Fagans with a lease of seventy nine years but not sure how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • I own a maisonnette together with the freehold. The owners of the upstairs flat have asked for a lease extension what do I need to do?
  • I have contacted my freeholder for a lease extension for my flat in St Fagans. His lawyers has been in contact regarding fees etc. I need an estimate for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started Septembmer 1994.
  • My leasehold flat in St Fagans is up for sale and I have a hopefully firm offer. There is 82 years unexpired on the lease and I want to extend the lease. How much does it cost on average to extend in this location by, say,45 years
  • I would like some guidance on leasehold property buying. We are going to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in St Fagans area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?
  • My wife and I have been in discussion with our freeholder after having a valuation on our garden flat in St Fagans. We have a sixety year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a conveyancing practitioners to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • I'm looking for some advice concerning extending the lease on my apartment. I'll be looking to do this next June as we must move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. You are able to recommend a good property lawyers who specialises in lease extensions. Preferably nearby in St Fagans?
  • I am currently negotiating a lease extension for my flat in St Fagans 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?
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    Lease Extensions in St Fagans

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