Frequently asked questions relating to Glan Conwy Lease Extensions

  • I am considering investing in a second home but it has a lease that expires in twenty years. Its in Glan Conwy - I wanted to see if with your services it is possible for this to be extended?
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I have contacted my freeholder for a lease extension for my flat in Glan Conwy. Her has been in contact concerning fees etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started April 1987.
  • Think I may have made an error, I am seeking a in Glan Conwy who has Leasehold Tribunal expertise in relation to lease extensions. Is this something you can assist me with?
  • I have my suspicions that my daughter is being hoodwinked. She submitted an offer on a studio flat in Glan Conwy, where the lease is slightly less 79 years but she was told by the estate agents that the current owner had extended it to 99 years. She has now been told the homeowner was holding off for her to retain conveyancers ahead of instigating the lease extension. Seems unscrupulous, also it could take a while to sort it all out. Am I reading too much into it?
  • I'm living at mother and father but have a garden flat in Glan Conwy let out which has a 76 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Glan Conwy for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Should I keep or sell the flat?
  • Even though I may not need a lease extension but I do need a vesting order on a property I want to purchase in Glan Conwy. The house is freehold but the garden is officially leasehold, 995 year lease from 1854. Its the rear garden.
  • I note that your website states the likely fee for dealing with a lease extension is £495. Is that the total cost including vat and the HMLR fee? The premium has already been negotiated with the freeholder for the lease extension for my garden flat in Glan Conwy
  • I own the freehold of a three bedroom flat in Glan Conwy. The leaseholders have 79 years on a lease and wants to purchase another 90 years. The have offered me 22k. Is this around the right price?
  • Me and my fiance are hoping to purchase a home (a ground floor flat inGlan Conwy with share of freehold). During our search, we were always looking at properties that had a minimum eighty five years residual lease term. We came across a place we fell in love with and the estate agent assured that the lease term was not an issue. This morning our advised us the lease only has 56 years and thus requires a lease extension. Should we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?

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