Top Ten Questions relating to Tintern Lease Extensions

  • I want to purchase a leasehold property and extend the lease. The owner has been there over 2 years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • We hope to sell our three bed flat in Tintern but we may require a lease extension, or possibly cover the expense of our buyers. Are you able to suggest someone to help us?
  • I'm planning on buying a one bedroom ground floor purpose built maisonette (leasehold) but the landlord has been missing for roughly 15yrs. I wonder whether it will be less expensive to try to purchase the reversionary title or to extend lease and apply for RTM?
  • We are in a block containing four flats in Tintern and have been offered to buy the freehold for £6000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I own a share of the freehold. There are three flats in the building. All the leaseholders are now looking for lease extensions. What's your solicitors fee?
  • Offer accepted on a a garden flat in Tintern, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer come through which states the lease as 82 years.Contracts were due to be exchanged in a couple of days. My question is why has this only just come to my attention by my ?
  • I would like some help on purchasing a leasehold residence. We plan to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Tintern area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
  • We know that others in the same block previously had a lease extension, and the freeholder was reasonable. It therefore appears worth taking risk of avoiding a formal valuation and base the initial offer on previous prices . This would save on double valuation fees. Would you suggest this course of action?
  • I am currently negotiating a lease extension for my flat in Tintern as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my one bedroom apartment in Tintern

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