FAQs concerning Arthog Lease Extensions

  • I am concerned that my daughter might have had the wool pulled over her eyes. She put in an offer on a studio flat in Arthog, where the lease is about 68 years but she was told by the selling agents that the vendor had extended it to 125 years. She has now been informed the current owner was waiting for her to retain solicitors ahead of instigating the lease extension. Seems underhand, also it will take time to sort it all out. What do you think?
  • I am a freeholder of a block of flats in Arthog, and the tenants are in the process of being issued lease extensions. I should hopefully get the money next month. As I am not on self assessment do I write to HMRC ?
  • I am considering purchasing an auction property and identified a studio flat in Arthog. It only has a fifty-one year lease..the vendor being mortgagees in possession will not want the aggravation of applying for a lease extension..what are the disadvantages of this except for the expensive fee to extend the lease and decreased chance of obtaining a mortgage with Lloyds TSB Bank?
  • I would like some guidance on leasehold property buying. We hope to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Arthog area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
  • My dad has a share of freehold, with two other leaseholders in a building in Arthog. House converted into three apartments. He has a lease, which has circa seventy one yrs left. How much would it cost for a lease extension and how many years would he need to extend by?
  • My OH and I would like to know the cost of a lease extension valuation for a property based in Arthog. Is this something you can help us with?
  • Just been over 2 years that I have owned my 2 bed flat in Arthog. I have 55 yrs outstanding on the lease. I am now looking either to buy a share of freehold or a lease extension. I purchased 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 Arthog based or any will do fine?
  • If somebody owns a flat with a lease of less than 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?
  • I have fivety six years remaining on my lease of a ground floor flat in Arthog, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high
  • Do you handle lease extensions on land? (a plot of land in Arthog with 82yrs remaining)

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