Recently asked questions relating to Aberdovey Lease Extensions

  • I’m about to offer on a maisonette to buy in the Aberdovey area and was curious how much would it cost for a lease extension? It has 73 years remaining...
  • Hi, I am looking somewhere around or in Aberdovey 8-10 years lease remaining houses. I dont know if I am on the right site. Can I find lease remaining houses from here?
  • I need to extend my existing lease can you help me with that? My investigation with the Land Registry reveal that it has 68 years unexpired
  • I purchased a two bedroom first floor purpose built maisonette in Aberdovey. I am looking to extend lease on the property. It is nearing eighty years. I would just like to know what your charges are and how long it would take for completion.
  • I am deliberating whether to purchase the freehold or a lease extension of my property in Aberdovey and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously remortgage with Alliance & Leicester to release of equity. My adviser dealing with 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 been raised from £25.00 per annum to £125 per annum.
  • I will soon view a one bedroom apartment, although not exactly my perfect property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has 59 years remaining on the lease. It is also a repossession so I'm assuming that the lender will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?
  • Regarding a residence in Aberdovey. GFF maisonette. seventy four yrs unexpired. I have an agreed lease extension to £20k for 115yrs. Landlord also insisted on Initial Notice which I think should not be necessary. Advice required.
  • Coming up to two years that I have owned my studio flat in Aberdovey. I have seventy four years remaining on the lease. I am now looking either to buy a share of freehold or a lease extension. I acquired the property for 342K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Aberdovey based or any will do fine?
  • We currently own a garden flat in Aberdovey and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 60 years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Do you have some advice on this? Should I contact the landlord first and will they be able to give me a cost?
  • I am currently negotiating a lease extension for my flat in Aberdovey 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?

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