Caernarfon Lease Extensions

Caernarfon Lease Extensions Example Support Desk Enquiries

We agreed with the head landlord for a lease extension on our flat located in Caernarfon, 14.5k for an additional 90yrs. Can you please guide us with this situation ?

I'm about to make an offer on a house in Caernarfon 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 Chelsea Building Society giving us the mortgage now?

Hello. I need someone to review my lease extension ahead of it being signed just to make sure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor variations.

I bought a garden flat in Caernarfon. The start date for the lease was in 2001 for 99 years. Now I am looking for a lease extension. I am not entirely sure about further expenses, could you tell me please how much I should expect to spend on this?

We invested in buying a leasehold with a landlord who has failed to give us a counter-notice for a lease extension for our flat in Caernarfon and are therefore considering the option of a vesting order. Is this something you can help us with?

Even though I may not need a lease extension but I do need a vesting order on a property I want to buy in Caernarfon. The house is freehold but the garden is officially leasehold, 1000 year lease from 1895. Its the rear garden.

I note that your website states the anticipated fee to extend a lease is £495. Is that the total cost including value added tax and the land registry fee? The premium has already been negotiated with the freeholder for the lease extension for my maisonette in Caernarfon

Hi I am the freeholder reversion in a 3 bedroom flat in Caernarfon. The leaseholder has a 61 year lease and would like to purchase another 125 years. He is offering me £21,000 but I am unsure if this is in the right ballpark

We know that others in the same building previously had a lease extension, and the landlord seemed amenable. It therefore appears worth taking risk of avoiding a formal survey and base the initial offer on on the prices by others . This would save on double valuation fees. Would you recommend such a course of action?

I am currently negotiating a lease extension for my flat in Caernarfon as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

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