FAQs concerning Bala Lease Extensions

  • My wife agreed with the freeholder to a lease extension on our flat located in Bala, 20.5k for an additional 90yrs. How long will it take ?
  • My partner has a flat in Bala which we are about to put on the market. The leasehold has roughly 73 years residual lease term on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we commence arranging a lease extension? Thank you.
  • I am looking for a rough estimate of what a lease extension will cost for a flat I would like to buy. It has 65 years remaining.
  • I am the registered owner of a garden flat in Bala. The lease commenced in 1992 for 99 years. Now I am wanting for a lease extension. I am not entirely sure about additional expenses, could you tell me please how much I should expect to spend on this?
  • I am going to purchase a flat located in Bala. The offer is subject to the lease extension. The seller’s conveyancing practitioners has served the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender TSB. Moreover, which are the following lease extension steps to complete the purchase?
  • The terms for the lease on my apartment in Bala are 95 years from 15 Jan 1989. Can you give me a quote to extend the lease if I give you more information please?
  • We are the registered owners of a leasehold with a landlord who has failed to respond by way of a counter-notice for a lease extension for our flat in Bala and are therefore considering the option of a vesting order. Is this something you can help us with?
  • I am a first time buyer of a leasehold flat in Bala. The lease has only sixety five years residual lease term and ground rent is £25. Is it possible for the homeowner to serve the Section 42 Notice and then assign this right to me as the purchaser on the day of completion so that I don't have to wait for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time costly to the vendor? Unfortunately the landlord is absent, so I am not sure how this will play out.
  • Offer accepted on a a two bedroom second floor purpose built flat in Bala, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer in writing through the post which states the lease as 85 years.Contracts were due to be exchanged in a couple of days. My query is Should I tell the owner that I will only proceed with the purchase (at the same price) on the condition they carry out a lease extension?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my studio flat in Bala
  • Other Topics

    Lease Extensions in Bala

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