Questions and Answers: Bala Lease Extensions

  • We have seen a house for sale for £195k and we are very keen on but we've just found out that it is leasehold. There are 798 years left so a lease extension is not a worry. 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 the house being ours. Any suggestions would be much appreciated.
  • Possibly made an error, I am seeking a in Bala who has Leasehold Tribunal expertise in relation to lease extensions. Is this something you can assist me with?
  • The terms for the lease on my apartment in Bala are 99 years from 15 Feb 1989. Can you supply me me a quote for a lease extension if I give you more details please?
  • Is it possible to talk with you about a flat in Bala, I am thinking of buying at auction next month. The flat has a short lease and I was wondering about what it would cost to get a lease extension and for your services.
  • I am looking to extend the lease on my garden flat in Bala I am looking for a local company to calculate the premium. I have a quote from the landlord. I would like to go forward as soon as possible, but for the right premium and fee.
  • I am the freeholder of a Edwardian property split into two apartments. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current sixety four years. What are my next steps?
  • I am in need of some help with a lease extension. I live in Belfast but the property in question is based in Bala. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I'm living with my parents but have a studio flat in Bala let out which has a fivety seven 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 Bala 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 21k. Should I keep or sell the flat?
  • My wife and I are concerned about getting a lease extension from a difficult landlord. Regardless of the fact that the legal procedures were followed under the 1993 Act, the landlord still attempted to get ground rent of £250 doubling every 25 years of the new term. Can you assist?
  • I have a lease of 63 years remaining on my flat in Bala. 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?
  • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Bala