Swansea East Lease Extensions: Q and A’s

  • Hello, I am looking somewhere around or in Swansea East 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 have an interest in the freehold of buildings comprising of six flats each. 2 of the leasehold owners want to extend their leases and I'm curious about the the process
  • I bought a ground floor flat in Swansea East with a leasehold unexpired of fivety five years. I am curious about how much I will need to spend to extend my lease
  • I plan on buying a flat located in Swansea East. The offer is conditional upon a lease extension. The vendor’s has given to the freeholder the Notice of Claim. 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 The Mortgage Works. Moreover, which are the following lease extension steps to complete the purchase?
  • I am about to view a two bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has sixety nine years balance left on the lease. It is also a repossession so I'm guessing that the lender will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?
  • My husband and I have a residential flat in Swansea East with sixety years left. Last year we were quoted a deal to have a lease extension for a further fifty years but also uplift the ground rent from nominal to a little more..plus a premium I think of approximately 10k. We have now decided to go ahead but do we now have to renegotiate?
  • Me and my OH had entered into a purchase of a studio flat in Swansea East. I was advised that the lease had been extended (70 years left prior to extension). The sales particulars stated "sold with a long lease". It turns out at the point of exchange of contracts we find that there has been no lease extension. The flat owner apparently has a quote but no finances to extend as a result the homeowner wishes to exchange and use the my deposit for the lease extension. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?
  • I am planning to extend the lease on my one bedroom apartment in Swansea East I am looking for help to verify 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.
  • We know that others in the same building had already had a lease extension, and the landlord seemed amenable. It therefore appears worth taking risk of avoiding a formal valuation and calculate the initial offer on on the premiums paid by others . This would save on double valuation fees. Is this advisable?
  • I'm looking for some advice with regard to a lease extension on my garden flat in Swansea East. I'll be looking to do this sometime next year as we need to move at some point 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. Can you recommend a good who specialises in lease extensions?

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