FAQs concerning Deganwy Lease Extensions

  • 20,000 agreed with the freeholder, just attempting to find a Deganwy for a lease extension. Our flat has nearon sixety one yearsoutstanding. How long will this take ?
  • We have seen a house for sale for £185,000 and we are very interested but we've just discovered that it is leasehold. There are 899 years remaining so a lease extension is not an issue. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any guidance would be much appreciated.
  • I am looking for a in Deganwy and they should be on the The Royal Bank of Scotland approved conveyancers panel as we need a lease extension and refinance simultaneously. Are you able to recommend any please ?
  • My neighbours and I are in a building of four flats in Deganwy and have been offered to buy the freehold for £3,500 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I bought a garden flat in Deganwy. I am looking for a lease extension on the property. It is around 80 years. I would just like to know what your charges are and how long the process takes.
  • I need to talk to you about a flat in Deganwy, I am considering buying at auction in the next few days. The flat only has a few years left and I am curious about what it would cost to get a lease extension and for your services.
  • We are considering purchasing a maisonette in Deganwy which is a leasehold. I am wanting to weigh up the advantages and disadvantages of that - what occurs when lease expires, the cost of a lease extension, can the freeholder of the land evict me from my own flat and block me from having a lease extension?
  • We are proceeding with buying a two bedroom second floor purpose built maisonette in Deganwy. I was advised by the EA that the lease extension had already been completed while on a viewing (seventy two years unexpired lease prior to extension). The description on the listing said "sold with a long lease". It transpires as we are about to exchange of contracts we find that there has been no lease extension. The flat owner apparently has a quote but no funds to extend and consequently the current owner wishes to exchange and use the my deposit for the lease extension. My question is as the lease hasn't been extended is there not a danger that Nottingham Building Society won't lend on a lease?
  • We have owned a leasehold flat for approximately eighteen years. It now has 77 years outstanding on the lease. After a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to LVT and would welcome some independent thoughts.
  • We currently own a one bed flat in Deganwy and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has sixety six years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Do you have some advice on this? Do I contact the landlord first and will they be able to give me a cost?

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