Blaenau Ffestiniog Lease Extensions

Questions and Answers: Blaenau Ffestiniog Lease Extensions

We agreed with the landlord for a lease extension on our flat located in Blaenau Ffestiniog, 14k for another 90yrs. What's your solicitors fee ?

My name´s Toby. I’m house hunting in Blaenau Ffestiniog I'm deliberating offering on a garden flat online, with slightly less seventy eight years unexpired lease, how much does it cost on average to get a lease extension by, say, 35 years?

I have a lease of fivety seven years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?

I am looking for a conveyancers in Blaenau Ffestiniog and they should be on the Skipton Building Society approved conveyancers panel as we need a lease extension and remortgage simultaneously. Can you recommend a lawyers ?

We have a residential flat in Blaenau Ffestiniog with seventy seven years unexpired. Ten months ago we were quoted a deal to have a lease extension for another thirty years but also uplift the ground rent from nominal to a little more..plus a premium I think of approximately 10k. We have now decided to go ahead but do we now have to renegotiate?

I'm living at parents but have a studio flat in Blaenau Ffestiniog let out which has a 73 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 Blaenau Ffestiniog 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. Should I keep or sell the flat?

If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?

Me and my fiance are in the throws of buying a property (a garden flat inBlaenau Ffestiniog with share of freehold). Throughout our search, we were always looking at apartments that had a minimum 83 years unexpired. We identified a apartment we fell in love with and the selling agent assured that the lease term was not an issue. Today our conveyancers informed us the lease only has 71 years and therefore requires a lease extension. Should we run away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?

I have 59 years remaining on my lease of a ground floor flat in Blaenau Ffestiniog, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable

We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my garden flat in Blaenau Ffestiniog

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