FAQs concerning Barmouth Lease Extensions

  • 40k agreed with the landlord’s agents, just seeking to find a Barmouth for a lease extension. Our flat has about sixety three yrsoutstanding. How long will this take ?
  • I’m about to offer on a two bedroom second floor purpose built maisonette to buy in the Barmouth area and was after more information on what the likely fees would be for a lease extension? It has 58 years residual lease term...
  • My wife has a flat in Barmouth which we have just put on the market. The leasehold has around sixety three years unexpired on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we commence arranging a lease extension? Thank you.
  • The intention is to sell our two bedroom first floor purpose built flat in Barmouth but we may need to extend the lease, or at least cover the costs of our purchaser. Are you able to recommend someone to help us?
  • I need to talk to you about a flat in Barmouth, I am considering bidding at auction in the next few days. The flat has a short lease and I wanted to inquire about how much it would cost to get a lease extension and for your services.
  • I'm looking for an apartment to buy in Barmouth and I'm not really familiar with the leasehold tenure. I've identified a ground floor flat I like with a 87 years lease. I've read that I can go for a lease extension having owned the property for a couple of years, but:- Should I anticipate any issue with my proposed mortgage lender Virgin Money?
  • My mortgage lender requires several hundred pounds for their to approve the lease extension deed for my flat in Barmouth... I can find no reference of this in my mortgage guide... is this a standard fee to pay?
  • I am planning to get a lease extension and am wondering what step I have to do first, I have been previously told that I have to have the finances in place before I initiate the process, is this correct?
  • I intend to buy a one bed flat in Barmouth for asking price of 145k, which has 67 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I am the freeholder of a Victorian property split into two apartments. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current fivety seven years. What are my next steps?

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