Harlech Lease Extensions: Q and A’s

  • I bought a flat in Harlech with a leasehold unexpired about sixety seven years and need to extend it. Please can you advise me of the next steps
  • I am looking to extend the lease on my three bedroom first floor purpose built maisonette in Harlech which will have sixety eight years outstanding in September. What fees do you charge for this?
  • I acquired a 2 bed flat located in Harlech with a leasehold unexpired of seventy seven years. I am curious about what it will cost me to extend my lease
  • Offer accepted on a a garden flat in Harlech, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer come through which states the lease as 85 years.We are about to exchange contracts within a week. My question is Is it not odd that my solicitors failed to pick this up far earlier than just before exchange?
  • Hello I own the freehold interest in a one bedroom flat in Harlech. The leaseholder has a sixety three year lease and would like to purchase another 90 years. She is offering me £21,000 but I am not sure if this is in the right ballpark
  • I'm looking at purchasing a flat in Harlech at a price of £195,000 the flat has approaching sixety nine years left on the lease. My offer was subject to the lease being renewed... .. that was back in June, hoping I'd have completed by now. The seller has just come back saying they are willing to knock £5k off if they don't have to deal with the lease extension. I'm unsure whether that's a good idea
  • We are buying a studio flat in Harlech which has share of freehold and a leasehold. The lease was on the short side so the vendor is in the process of 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. An essential part of the conveyancing process is for our property lawyers to do OS1 search on the property title. The concern here is that as a lease extension has been submitted we've been told by our conveyancing practitioners it may not be possible to do this "priority search" right now as the new property title number is not known. Is it correct that we must hold on pending registration of the new lease?
  • Are you able to provide an estimate to extend my mother’s lease on a one bed flat in Harlech. She recently got a price from the freeholder for a lease extension but I am not sure it is too expensive.
  • I am currently negotiating a lease extension for my flat in Harlech 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?
  • I have a lease of seventy five years remaining on my flat in Harlech. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?
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    Lease Extensions in Harlech

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