Top Ten Questions relating to Sychdyn Lease Extensions

  • We have just purchased a maisonette located inSychdyn and I'm thinking about a lease extension as soon as possible e.g. in a couple of years
  • My name´s Rory. I’m flat hunting in Sychdyn I'm deliberating offering on a garden flat online, with nearly fivety four years outstanding, how much does it cost on average to extend in this location by, say, thirty years?
  • I am in need of a rough estimate of what a lease extension will cost for a flat I would like to buy. It has 60 years residual lease term.
  • I am looking to buy a one bedroom apartment in Sychdyn with a lease of seventy four years but have no idea what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • I am a first time buyer of a leasehold flat in Sychdyn. The lease has just sixety three years outstanding and ground rent is £75. Is it possible for the current owner to serve the Notice of Claim and then assign over the right to me as the purchaser once I complete the buying process 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 is legal but will it be very time consuming to the owner? To add to the complexity the freeholder can not be found, so I am not sure how this will play out.
  • We have a first floor flat in Sychdyn with 62 years unexpired. Last year we were quoted a deal to receive a lease extension for another thirty years but also uplift the ground rent from notional to a little more..plus a premium I think of about 9k. Finally we have decided to move forward but do we now have to start the negotiations again?
  • Me and my partner are proceeding with a purchase of a studio flat in Sychdyn. I was informed that the lease had been lengthened (seventy seven years remaining prior to extension). The description on the listing stated "sold with a long lease". It transpires as we are about to exchange of contracts we find that the lease has not been extended. The owner supposedly has a quote but no money to extend and consequently the seller wishes to exchange and use the 10% deposit for the lease extension. My question is is it not odd that my conveyancers didn't spot this far earlier than just before exchange?
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously advised that I have to have the finances in place before I set the ball rolling, is this correct?
  • I own the freehold reversion of a property in Sychdyn and a leaseholder has requested a lease extension. Her valuer has given a figure of £9,000, but has increased this to £10,000 without too much effort. My surveyor has come back with £12,520. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to a FTT, can I deal with this myself, just equipped with the valuations I have? If not, what fee would I be likely to face?
  • I have a lease of 54 years remaining on my flat in Sychdyn. 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 Sychdyn

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