Tongwynlais Lease Extensions

Frequently asked questions relating to Tongwynlais Lease Extensions

My fiance and I have just purchased a studio flat inTongwynlais and I'm deliberating extending the lease as soon as possible e.g. in 24 months of ownership

I invested in buying a flat in Tongwynlais with a leasehold unexpired nearly 55 years and need to extend it. Please can you advise me of the next steps

I am the owner of a maisonnette together with the freehold. The owners of the upstairs flat have asked to extend the lease what do I need to do?

I'm looking for a flat to buy in Tongwynlais and I'm not really familiar with the leasehold concept. I've identified a garden flat I like with a 87 years lease. I've read that I can go for a lease extension having owned the property for a couple of years, but:- Should I be looking for some conditions that would prevent me for getting a lease extension?

I am a first time buyer of a leasehold flat in Tongwynlais. The lease has only fivety nine years outstanding and ground rent is £25. Is it possible for the vendor to serve the Initial Notice and then transfer this right to me as the purchaser on the day of completion so that I don't have to wait for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time consuming to the seller? Unfortunately the freeholder can not be found, so I am not sure how this will play out.

My fiance and I are considering purchasing a one bedroom second floor purpose built flat in Tongwynlais which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what happens when lease expires, how much it costs to extend it, can the freeholder of the land evict me from my own flat and prevent me from extending the lease?

I intend to buy a one bed flat in Tongwynlais for asking price of 125k, which has sixety seven years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?

Although I do not need a lease extension but I do require a vesting order on a property I want to acquire in Tongwynlais. The house is freehold but the garden is officially leasehold, 995 year lease from 1889. Its the rear garden.

I am currently negotiating a lease extension for my flat in Tongwynlais 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?

Do you handle lease extensions on land? (a plot of land in Tongwynlais with 82yrs remaining)

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