Bangor Lease Extensions Example Support Desk Enquiries

  • My partner has a flat based in Bangor which we are about to put on the market. The leasehold has just under 75 years outstanding on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we commence arranging a lease extension? Thank you.
  • I just completed on a property in Bangor and it has circa seventy four years residual lease term. I'd like to extend the lease period
  • I need to extend my existing lease can you help me with that? I think it has fivety seven years left
  • We have seen a house for sale for £195k and we are very interested but we've just found out that it is leasehold. There are 899 years outstanding so a lease extension is not a concern. 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 25 years without the house being ours. Any guidance would be much appreciated.
  • The intention is to sell our studio flat in Bangor but we may need to extend the lease, or possibly cover the expense of our purchaser. Are you able to recommend a to handle this?
  • I am a first time buyer of a leasehold flat in Bangor. The lease has only sixety five years outstanding and ground rent is £95. Is it possible for the current owner to serve the Initial Notice and then transfer this right to me as the buyer once I complete the buying process so that I don't have to wait for the 2 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 may be possible but will it be very time consuming to the owner? To add to the complexity the freeholder can not be found, so I am not sure how does it work.
  • I am a landlord of a block of flats in Bangor, and the lessees are in the process of being given lease extensions. I should hopefully get funds next week. Are there any tax implications, the property is in joint names with my husband ?
  • I an interested in finding out more about leasehold property buying. We intend to buy a semi 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 sublet the property?
  • My nephew has a share of freehold, with two other leaseholders in a building in Bangor. House converted into three apartments. He has a lease, which has slightly more than fivety seven yrs remaining. How much would it cost for a lease extension and how many years would he need to extend by?
  • We have a studio flat in Bangor with a lease of 76 years left with a value of around £370000 we want to add 125 years to it, how much is that likely to cost?

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