Top Ten Questions relating to Tonteg Lease Extensions

  • I am looking for a in Tonteg and they need to be on the TSB approved conveyancers panel as we need a lease extension and remortgage at the same time. Are you able to recommend a ?
  • The intention is to sell our 2 bed flat in Tonteg but we may need a lease extension, or at least cover the costs of our purchaser. Are you able to recommend someone to help us?
  • I need to talk to you about a leasehold property in Tonteg, I am thinking of bidding at auction in the next few days. The flat has a short lease and I was wondering about how much it would cost to get a lease extension and for your services.
  • I'm looking for an apartment to buy in Tonteg and I'm not really familiar with the leasehold title. I've identified a maisonette I like with a 87 years lease. I've read that I can get a lease extension having owned the property for 2 years, but:- Is this a given?
  • I am concerned that my niece is being hoodwinked. She put in an offer on a 2 bed flat in Tonteg, where the lease is nearly 75 years but she was told by the selling agents that the current owner had extended it to 99 years. Only now has she been informed the flat owner was holding off for her to instruct solicitors before commencing with the lease extension. Seems odd to me, also it could take time to sort it all out. Am I being too sceptical?
  • My husband and I had entered into buying a garden flat in Tonteg. I was advised that the lease had been lengthened (77 years unexpired lease prior to extension). The sales particulars said "sold with a long lease". It turns out as we are about to exchange of contracts we find that the lease has not been extended. The seller apparently has a quote but no money to extend and consequently the current owner wants to exchange and use the my deposit for the lease extension. My question is why has this only just been brought to my attention by my ?
  • We have been in discussion with our freeholder after having a valuation on our garden flat in Tonteg. We have a 62 year lease and we wish to increase this to 99. The Freeholder has provided us with a financial figure that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I'm intent on acquiring a flat in Tonteg at a price of £256,000 the flat has just under 59 years unexpired on the lease. I put in an offer conditional upon a lease extension... .. that was back in November, expecting I'd have moved in by now. The seller has just come back saying they are willing to knock £4k off if I deal with the lease extension myself. I'm not sure whether that's a good idea
  • Me and my partner are are hoping to complete on a garden flat in Tonteg which has share of freehold and a leasehold. The lease was starting to get low so the vendor commenced dealing with a lease extension. The vendor has submitted the lease extension paperwork to HMLR. An essential part of the conveyancing process is for our to do OS1 search on the property title. The concern here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it right that we have to be patient until the new lease is registered?
  • I am currently negotiating a lease extension for my flat in Tonteg 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?

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