FAQs concerning Llanbedr Lease Extensions

  • Hello, I just randomly found this website. I'm looking for prices on what it cost to extend a lease of a a property in Llanbedr. It's on the market at the moment but has just under seventy seven years remaining on the lease
  • I have an interest in the freehold of buildings comprising of seven flats each. 2 of the leaseholders want to extend their leases and I'm curious about the the process
  • Hi. I need someone to have a look at my lease extension ahead of it being completed just to make sure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor variations.
  • I own a maisonnette and the freehold of both flats. The owners of the upstairs flat have asked to extend the lease what do I need to do?
  • I am thinking about whether to purchase the freehold or a lease extension of my property in Llanbedr 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 Britannia to free up equity. My adviser dealing with the remortgage suggested I get two quotes : one for the lease extension and one for outright purchase .The lease commenced in 1981 and since then the ground rent has increased from £38.00 per annum to £300 per annum.
  • I am about to view a two bedroom maisonette, although not exactly my perfect property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has sixety four years left on the lease. It is also a repossession so I'm guessing that the vendor will not be interested in extending the lease. My primary concern is would it be difficult to sell on without a lease extension?
  • I am thinking about acquiring an auction property and came upon a studio flat in Llanbedr. It only has a 41 year lease..the vendor as mortgagees in possession dont want to mess around with seeking a lease extension..what are the drawbacks of this other than the huge fee to extend the lease and reduced chance of getting a mortgage with Virgin Money?
  • I'm living at parents but have a garden flat in Llanbedr let out which has a 58 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 Llanbedr 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 21k. Should I keep or sell the flat?
  • Coming up to 2 years that I have owned my maisonette in Llanbedr. I have fivety nine years remaining on the lease. I am now wanting to buy a share of freehold or a lease extension. I purchased the property for 350K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Llanbedr based or any will do fine?
  • Me and my OH are are hoping to complete on a garden flat in Llanbedr which has share of freehold and a leasehold. The lease was on the short side so the seller commenced extending the lease. The seller has submitted the lease extension paperwork to HMLR. An essential part of the house buying process is for our to do OS1 search on the lease. 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 is not known. Is it correct that we have to hold on pending registration of the new lease?

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