Aberdovey Lease Extensions

Examples of recent questions relating to Lease Extensions in Aberdovey

I have just bought a 2 bed conversion flat based inAberdovey and I'm considering extending the lease as soon as I can e.g. in two years

My partner has an apartment in Aberdovey which we have just put on the market. The leasehold has roughly seventy five years unexpired on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we get started on a lease extension? Many thanks.

I am considering investing in a second home but it has a lease that expires in 14 years. Its in Aberdovey - I wanted to see if with your services it is possible for this to be extended?

I'm deliberating over buying a garden flat (leasehold) but the landlord has been absent for just over 15yrs. My query is would it be cheaper to try to acquire the reversionary title or to extend lease and apply for right to manage?

The terms for the lease on my apartment in Aberdovey are 95 years from 15 Jan 1988. Please give me a quote to extend the lease if I give you more specifics please?

I am considering 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 £4k to extend the lease. I will be doing a get a new mortgage with Coventry Building Society to free up equity. The broker dealing with the remortgage suggested I get two estimates : one for the lease extension and one for the freehold acquisition .The lease began in 1979 and since then the ground rent has increased from £15.00 per year to £200 per year.

I'm looking for a flat to purchase in Aberdovey and I'm not really familiar with the leasehold arrangement. I've identified a ground floor flat I like with a 90 years lease. My research reveals that I can get a lease extension after 2 years, but:- Is this a given?

I know that others in the same building previously had a lease extension, and the freeholder was reasonable. Therefore is seems worth taking risk of not having formal valuation and base the initial offer on previous prices . This would save on double valuation charges. Would you suggest such a course of action?

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?

We have a one bedroom apartment in Aberdovey with a lease of 75 years left with a value of around £410000 we want to add 125 years to it, how much is that likely to cost?

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