Frequently asked questions relating to Taffs Well Lease Extensions

  • I am in need of a rough estimate of what a lease extension will cost for a flat I intend to buy. It has seventy nine years unexpired.
  • I am concerned that my daughter might have had the wool pulled over her eyes. She put in an offer on a garden flat in Taffs Well, where the lease is circa fivety five years but she was told by the estate agents that the current owner had extended it to 99 years. Only now has she been informed the seller was holding off for her to retain solicitors ahead of instigating the lease extension. Seems underhand, also it will take months to sort it all out. Am I reading too much into it?
  • We are looking to extend our lease. We will have been in the flat for two years as of 6th May 2016. It has nearly seventy two years remaining currently. Hoping to get a lease extension by another 90 years as expeditiously and stress free as possible.
  • My partner and I had entered into a purchase of a two bedroom first floor purpose built flat in Taffs Well. I was advised by the EA that the lease extension had already been completed while on a viewing (73 years outstanding prior to extension). The description on the listing said "sold with a long lease". It transpires as we are about to exchange of contracts we find that there has been no lease extension. The flat owner supposedly has a quote but no money to extend as a result the owner intends to exchange and use the 10% deposit to extend the lease. My question is as the lease hasn't been extended is there not a danger that it would breach my lenders lease length criteria?
  • I would like some help on purchasing a leasehold residence. We plan 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 Taffs Well area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
  • I am the freeholder of a Victorian property split into two apartments. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy five years. What are my next steps?
  • Coming up to 2 years that I have been in my two bedroom ground floor purpose built maisonette in Taffs Well. I have 71 years remaining on the lease. I am now wanting to purchase a share of freehold or extend my lease. I purchased the property for 342K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Taffs Well based or any will do fine?
  • We are concerned about getting a lease extension from tricky landlord. Notwithstanding that the legal procedures were followed under the 1993 Act, the landlord still attempted to get ground rent of £250 increasing by 100% every 25 years of the new term. Can you help?
  • My wife and I are aware that others in the same block previously had a lease extension, and the landlord was reasonable. Therefore is seems worth taking risk of avoiding a formal survey and calculate the initial offer on previous prices . This would save on double valuation charges. Would you recommend this course of action?
  • We currently own a garden flat in Taffs Well and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has sixety two years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Can you offer some advice on this? Do I contact the freeholder first and will they be able to give me a cost?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Taffs Well