FAQs concerning Welshpool Lease Extensions

  • 20,000 agreed with the freeholder, just trying to find a Welshpool for a lease extension. Our flat has around fivety six yrsunexpired lease. Can you please help us with this situation ?
  • I own a garden flat located in Welshpool with a leasehold unexpired of 62 years. I am enquiring about what I will need to spend to extend my lease term
  • 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?
  • Possibly made an error, I am searching for a in Welshpool who has Leasehold Tribunal expertise when it comes to lease extensions. Is this something you can help me with?
  • I acquired a garden flat in Welshpool. I am looking for a lease extension on the property. It is nearly eighty one years. I would just like to know what your charges are and how long the process takes.
  • I'm looking for a flat to purchase in Welshpool and I'm not really familiar with the leasehold arrangement. I've identified a ground floor flat 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:- Should I be looking at some conditions that would prevent me for getting a lease extension?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • I am the freeholder of a Victorian property split into two flats. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current sixety five years. What are my next steps?
  • I'm living with my parents but have a ground floor flat in Welshpool let out which has a 63 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Welshpool for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Not sure sure whether to hold on or sell the flat?
  • We are purchasing a garden flat in Welshpool which has share of freehold and a leasehold. The lease was on the short side so the seller is in the process of extending the lease. The owner has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our to do a "priority search" on the lease. 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 property title number has not been issued. Is it right that we must wait 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