FAQs concerning Deeside Lease Extensions

  • I’ve just completed on a studio flat inDeeside and I'm considering extending the lease as soon as possible e.g. in 24 months of ownership
  • I bought a 2 bed apartment in Deeside that I now cannot sell due to the lease needing a lease extension. How long will it take ?
  • I need to extend my current lease can you assist? I think it has sixety seven years unexpired
  • I purchased a studio flat based in Deeside with a leasehold unexpired of 56 years. I am wondering about how much I will need to spend to extend my lease term
  • I am a first time buyer of a leasehold flat in Deeside. The lease has just 77 years balance left and ground rent is £50. Is it possible for the flat owner to serve the Notice of Claim and then transfer this right to me as the purchaser once I complete the buying process so that I can avoid waiting 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 current owner? Unfortunately the landlord is absent, so I am not sure how does it work.
  • I am in need of a lease extension for my flat in Deeside and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • Me and my sister would like to know the cost of a lease extension valuation for a property based in Deeside. Would you be able to help?
  • My husband and I are are hoping to complete on a one bedroom apartment in Deeside which has share of freehold and a leasehold. The lease was starting to get low so the vendor commenced dealing with a lease extension. The seller has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the house buying process is for our to do a "priority search" on the property title. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it right that we must hold on until the lease extension has actually been registered before completing.?
  • I am currently negotiating a lease extension for my flat in Deeside 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?
  • Do you handle lease extensions on land? (a plot of land in Deeside with 82yrs remaining)

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