St Mellons Lease Extensions: Q and A’s

  • I’m about to offer on a one bed apartment to purchase in the St Mellons area and was interested in finding out how much would it cost for a lease extension? It has 66 years outstanding...
  • Hi, I am looking somewhere around or in St Mellons 8-10 years lease remaining houses. I dont know if I am on the correct site. Can I find lease remaining houses from here?
  • I am looking into the costs of carrying out a lease extension for my 2 bed flat in St Mellons, and would like some figures on that.
  • I'm looking for an apartment to purchase in St Mellons and I'm not really familiar with the leasehold tenure. I've identified a one bedroom apartment I like with a 82 years lease. I've read that I can apply for a lease extension having owned the property for 2 years, but:- Should I be looking for some caveats that would prevent me for getting a lease extension?
  • I am a FTB of a leasehold flat in St Mellons. The lease has just sixety five years remaining and ground rent is £50. Is it possible for the homeowner to serve the Initial Notice and then assign over the right to me as the buyer on the day of completion so that I don't have to wait for the two 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 is achievable but will it be very time costly to the current owner? To add to the complexity the freeholder is absent, so I am not sure how this will play out.
  • I own 60% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 65 years. I need a lawyers at my end. Can you advise please? I live near St Mellons and have a mortgage with Chelsea Building Society.
  • Coming up to two years that I have been in my garden flat in St Mellons. I have fivety four years left on the lease. I am now wanting to purchase a share of freehold or a lease extension. I purchased the property for 342K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my solicitors about the process, he answered most of my questions but just have one left: Is there a benefit in getting a St Mellons based solicitors or any will do fine?
  • We are acquiring a studio flat in St Mellons which has share of freehold and a leasehold. The lease was on the short side so the seller is in the process of dealing with a lease extension. The vendor has submitted the lease extension paperwork to HMLR. An essential part of the house buying process is for our conveyancing practitioners to do a "priority 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 lease title number has not been issued. Is it correct that we have to be patient pending registration of the new lease?
  • I am currently in the process of remortgaging my one bed flat in St Mellons and the bank that I am looking to move to requires a minimum 80 years remaining on the lease in order for them to take the mortgage forward. We currently have around 56 years on the leasehold so looking for some help, guidance, and some quotes to start the lease extension process
  • I have a lease of fivety nine years remaining on my flat in St Mellons. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?
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    Lease Extensions in St Mellons

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