Common questions relating to Abergele Lease Extensions

  • I want to purchase a leasehold property and extend the lease. The owner has been there for four years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • We have seen a house for sale for £185,000 and we are very interested but we've just discovered that it is leasehold. There are 798 years residual lease term so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for twenty years without owning the property. Any information would be much appreciated.
  • I am looking for a lawyers in Abergele and they should be on the Bank of Scotland approved conveyancers panel as we need a lease extension and refinance at the same time. Are you able to recommend a lawyers ?
  • I bought a studio flat located in Abergele with a leasehold unexpired of 62 years. I am curious about what it will cost me to extend my lease term
  • I own a leasehold flat in Abergele. I have built a huge extension and have not informed my freeholder. What should I do?
  • Regarding a residence in Abergele. lower maisonette. 56 yrs unexpired. I have negotiated a lease extension price of £14k for 135yrs. Freeholder also insisted on Initial Notice which I think should not be required. Advice required.
  • We would like to extend our lease. We will have been in the property for 2 years as of 22nd March 2016. It has circa sixety four years remaining currently. Hoping to get a lease extension by another 90 years as expeditiously and stress free as is reasonably achievable.
  • I own 50% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around fivety five years. I need a property lawyers at my end. Can you advise please? I live near Abergele and have a mortgage with Britannia.
  • I'm living with my mum and dad but have a garden flat in Abergele let out which has a 72 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 Abergele 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 13k. Not sure sure whether to hold on or sell the flat?
  • If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
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    Lease Extensions in Abergele

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