Lease Extensions in Borth

Borth Lease Extensions: Q and A’s

My wife has an apartment in Borth which we have just put on the market. The leasehold has just under fivety nine years remaining 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 get started on a lease extension? Many thanks.

I am looking to either purchase the freehold or a lease extension of my property in Borth and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously remortgage with Yorkshire Building Society to free up equity. The adviser dealing with the remortgage suggested I get two quotes : one to extend the lease and one for outright purchase .The lease began in 1991 and since then the ground rent has increased from £25.00 per year to £300 per year.

I will soon view a one bedroom flat, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has seventy five years balance left on the lease. It is also a repossession so I'm guessing that the bank will not be interested in extending the lease. My main concern is would it be difficult to sell on without a lease extension?

My husband and I have a first floor flat in Borth with seventy years to run. Last year we were quoted a deal to receive a lease extension for another fifty years but also increase ground rent from notional to £250 per year..plus a premium I think of approximately 16k. Finally we have decided to move forward but do we now have to start the negotiations again?

Me and my partner are considering purchasing a three bedroom first floor purpose built flat in Borth which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what happens when lease expires, how much it costs to extend it, can the freeholder of the property evict me from my own flat and block me from extending the lease?

My nephew has a share of freehold, with two other leaseholders in a building in Borth. House divided into three flats. He has a lease, which has nearly sixety nine yrs 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 am the freeholder of a Georgian property split into two flats. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 61 years. What are my next steps?

I am in need of some help with a lease extension. I live in Dublin but the property in question is based in Borth. I would be grateful if you can give me a call when you get a chance to discuss the case.

Coming up to two years that I have owned my studio flat in Borth. I have 69 years left on the lease. I am now looking either to buy a share of freehold or extend my lease. I acquired the property for 350K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Borth based or any will do fine?

My and my fiance are worried about getting a lease extension from tricky freeholder. Even though the legal procedures were followed under the appropriate legislation, the landlord still attempted to get ground rent of £250 increasing by 100% every twenty five years of the new term. Can you help?

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