Lease Extensions in St Mellons

Questions and Answers: St Mellons Lease Extensions

Me and my partner are seeking a lease extension for our flat based in St Mellons and we don't fully comprehend the communication that we got from our freehold company. How long will it take?

I inherited a property in St Mellons and it has roughly 73 years residual lease term. I'd like to arrange a lease extension by twenty years

This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?

I purchased a two bedroom first floor purpose built maisonette in St Mellons. I am looking for a lease extension on the property. It is about eighty years. I would just like to know what your charges are and how long the process takes.

We are looking to extend our lease. We will have been in the flat for 2 years as of 22nd April 2016. It has circa 69 years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as is reasonably achievable.

I am planning to get a lease extension and am wondering what step I have to do first, I have been previously told that I have to have the finances in place before I set the ball rolling, is this correct?

My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?

I am hoping to extend the lease on my garden flat in St Mellons I am looking for a local company to calculate the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.

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?

We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my three bedroom ground floor purpose built flat in St Mellons

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