Lease Extensions in Bangor

FAQs concerning Bangor Lease Extensions

I inherited a property in Bangor and it has about 73 years balance left. I'd like to arrange a lease extension by twenty years

The intention is to sell our one bedroom apartment in Bangor but we may require a lease extension, or possibly cover the expense of our purchaser. Are you able to suggest a to assist?

I am a freeholder of a block of flats in Bangor, and the leaseholders are in the process of being given lease extensions. I anticipate receiving funds within a month or so. Are there any tax implications, the property is co-owned with my wife ?

I own a purpose-built apartment located in a small development in Bangor. The leasehold interest in the flat on a ninety five year lease which commenced on 11th November 1970 with a fixed ground rent of £10 per annum. I wish to obtain a lease extension. Can I call someone to go through my options please?

My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?

I would like some help on leasehold property buying. We hope to buy a link detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Bangor area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?

I'm living at mum and dad but have a maisonette in Bangor 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 Bangor 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. Not sure sure whether to hold on or sell the flat?

I note that your website states the likely fee to extend a lease is £495. Is that the total cost excluding value added tax and the land registry fee? The price has already been negotiated with the freeholder for the lease extension for my three bedroom first floor purpose built maisonette in Bangor

I'm hoping for some help concerning extending the lease on my apartment. The intention is to do this in nine months time as we have to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. Should I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?

Do you handle lease extensions on land? (a plot of land in Bangor with 82yrs remaining)

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