Top Ten Questions relating to Abersoch Lease Extensions

  • My fiance and I are looking for lease extension for our apartment based in Abersoch and we are confused by the communication that we got from our freehold company. Are you able to assist us with this situation?
  • I bought a ground floor flat in Abersoch that I am finding difficult to sell as a result of the lease requiring a lease extension. What's your solicitors fee ?
  • I’m about to offer on a maisonette to buy in the Abersoch area and was after more information on what the likely fees would be for a lease extension? It has sixety seven years outstanding...
  • My co-lessees and I are in a building comprising five flats in Abersoch and have been offered to buy the freehold for 8k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I am looking into the costs of carrying out a lease extension for my one bedroom first floor purpose built flat in Abersoch, and would like some figures on that.
  • I am a freeholder of a block of flats in Abersoch, and the leaseholders are in the process of being given lease extensions. I anticipate receiving the money next week. Are there any tax implications, the property is in joint names with my partner ?
  • We have a GFF located in Abersoch. There is 80 years to run on the lease and we want a lease extension. How much does it cost on average to extend in this area by, say,fifty years
  • My OH and I are hoping to purchase a property (a maisonette located inAbersoch with share of freehold). During our search, we were always looking at flats that had a minimum eighty five years unexpired. We identified a place we liked and the selling agent promised us that the lease was long albeit not specifying a number. This morning our conveyancers advised us the lease only has sixety three years and thus needs a lease extension. Do we walk away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I am currently negotiating a lease extension for my flat in Abersoch 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?
  • I have a lease of 60 years remaining on my flat in Abersoch. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?
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    Lease Extensions in Abersoch

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