Common questions relating to Criccieth Lease Extensions

  • I want to buy a leasehold property and extend the lease. The homeowner has been there over two years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Criccieth, and my lease will reach 71 years this November. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • I own a three bedroom first floor purpose built flat in Criccieth. The lease commenced in 1997 for 99 years. Now I am looking for a lease extension. I am unclear about additional expenses, could you tell me please how much I should expect to spend on this?
  • The intention is to sell our 2 bed flat in Criccieth but we may need a lease extension, or at least cover the expense of our purchaser. Can you help me find someone to undertake the legal formalities?
  • I am looking to either purchase the freehold or a lease extension of my property in Criccieth and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously get a new mortgage with Barclays to free up equity. The adviser handling the remortgage suggested I get two quotes : one to extend the lease and one for the freehold purchase .The lease commenced in 1981 and since then the ground rent has increased from £15.00 per year to £100 per annum.
  • I am a FTB of a leasehold flat in Criccieth. The lease has just 68 years remaining and ground rent is £95. Is it possible for the vendor to serve the Initial Notice and then assign this right to me as the purchaser once I complete the buying process so that I don't have to wait for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time costly to the vendor? To add to the complexity the landlord is absent, so I am not sure how this will play out.
  • I do not need a lease extension but I do require a vesting order on a property I want to acquire in Criccieth. The house is freehold but the garden is officially leasehold, 995 year lease from 1889. Its the rear garden.
  • Me and my sister have been in discussion with our freeholder after having a valuation on our ground floor flat in Criccieth. We have a 79 year lease and we wish to increase this to 99. The Freeholder has given us with a premium amount that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • I note that your website states the anticipated fee to extend a lease is £495. Is that the all inclusive cost excluding value added tax and the HMLR fee? The premium has already been negotiated with the freeholder for the lease extension for my studio flat in Criccieth
  • I am planning on refinancing my two bedroom ground floor purpose built flat in Criccieth and the new lender that I am looking to switch to needs a minimum 80 years remaining on the lease in order for them to progress matters. I have discovered that I currently have around 79 years on the leasehold so looking for some advice, guidance, and some quotes to start the lease extension process

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