Sample questions relating to Betws Y Coed Lease Extensions

  • Me and my wife are seeking a lease extension for our leasehold house based in Betws Y Coed and we don't fully comprehend the letter that we received from our freehold company. Can you please help us with this situation?
  • I'm wanting to make an offer on a house in Betws Y Coed but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Birmingham Midshires giving us the mortgage now?
  • We have seen a house for sale for £215k and we are very keen on but we've just discovered that it is leasehold. There are 798 years left so a lease extension is not required. 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.
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Betws Y Coed, and my lease will reach 75 years this April. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • I'm planning on buying a one bedroom apartment (leasehold) but the freeholder has been missing for roughly 15yrs. I wonder whether it will be cheaper to try to acquire the freehold or to extend lease and apply for RTM?
  • My nephew has a share of freehold, with two other leaseholders in a building in Betws Y Coed. House divided into three flats. He has a lease, which has just under sixety nine years remaining. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • I'm looking at buying a flat in Betws Y Coed valued at £210,000 the flat has something like fivety eight years unexpired on the lease. I put in an offer conditional upon the lease being extended... .. that was back in November, hoping I'd be in by now. The owner has just informed me they are willing to knock £5k off if they don't have to deal with the lease extension. I'm unsure if I should take them up on the offer
  • Me and my sister are hoping to buy a home (a garden flat located inBetws Y Coed with share of freehold). During our search, we were always looking at properties that had at least eighty five years outstanding. We found a apartment we liked and the selling agent assured that the lease was long albeit not specifying a number. Yesterday our told us the lease only has 69 years and thus requires a lease extension. Should we run away, or should we negotiate our offer?
  • I am planning on remortgaging my ground floor flat in Betws Y Coed and the new lender that I am looking to switch to needs a minimum 85 years remaining on the lease in order for them to progress matters. We currently have around 56 years on the leasehold so looking for some advice, guidance, and some quotes to get the wheels in motion for a lease extension
  • We have a garden flat in Betws Y Coed with a lease of fivety nine years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?

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