Recently asked questions relating to Welshpool Lease Extensions

  • I need to extend my existing lease can you help me with that? I think it has 68 years unexpired
  • I bought a garden flat located in Welshpool with a leasehold unexpired of 75 years. I am curious about what it will cost me to extend my lease
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Welshpool, and my lease will reach seventy one years this April. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the Tribunal court?
  • I'm looking for an apartment to buy in Welshpool and I'm not really familiar with the leasehold tenure. I've found a garden flat I like with a 91 years lease. I've read that I can apply for a lease extension after 2 years, but:- Should I be looking for some conditions that would prevent me for getting a lease extension?
  • We have owned a leasehold flat for approximately twenty years. It now has 70 years outstanding on the lease. After a year of protracted negotiations through my conveyancers and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to LVT and would appreciate some independent thoughts.
  • I am planning to extend the lease on my maisonette in Welshpool I am looking for help to verify the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • My OH and I are acquiring a one bedroom apartment in Welshpool which has share of freehold and a leasehold. The lease was starting to get low so the seller 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 conveyancers to do OS1 search on the lease. The concern here is that as a lease extension has been submitted we've been told by our conveyancing practitioners it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it correct that we must wait until the lease extension has actually been registered before completing.?
  • My and my husband are worried about seeking a lease extension from tricky freeholder. Regardless of the fact that the legal procedures were adhered to under the appropriate legislation, the landlord still attempted to charge ground rent of £200 increasing by 100% every twenty years of the new term. Can you assist?
  • My and my fiance know that others in the same block had already had a lease extension, and the landlord was amenable. It therefore appears worth taking risk of not having formal survey and calculate the initial offer on previous prices . This would save on double valuation fees. Is this advisable?
  • I am currently negotiating a lease extension for my flat in Welshpool 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?
  • Other Topics

    Lease Extensions in Welshpool

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