Welshpool Lease Extensions

Frequently asked questions relating to Welshpool Lease Extensions

I have got a leasehold flat in the Welshpool area and was enquiring if I could get a lease extension. What are your processes and fees. Has fivety six years residual lease term

I have a lease of seventy two years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?

This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?

I have contacted my freeholder to extend my lease for my flat in Welshpool. His has been in contact regarding fees etc. I need an estimate for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started February 1985.

The intention is to sell our maisonette in Welshpool but we may need to extend the lease, or at least cover the costs of our purchaser. Can you help me find a to handle this?

I am looking to either purchase the freehold or a lease extension of my property in Welshpool and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a remortgage with Nottingham Building Society to release of equity. The adviser handling the remortgage suggested I get two quotes : one to extend the lease and one for the freehold acquisition .The lease commenced in 1972 and since then the ground rent has increased from £38.00 per annum to £200 per year.

I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?

I would like some guidance on purchasing a leasehold residence. We plan to buy a link detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Welshpool area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?

I am in need of some help with a lease extension. I live in Dublin but the property in question is based in Welshpool. I would be grateful if you can give me a call when you get a chance to discuss the case.

My brother and I are acquiring a studio flat in Welshpool which has share of freehold and a leasehold. The lease was starting to get low so the owner commenced extending the lease. The owner has submitted the lease extension paperwork to HMLR. A crucial aspect of the house buying process is for our to do a pre-completion search on the property title. The problem 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 lease title number is not known. Is it correct that we must hold on pending registration of the new lease?

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