FAQs concerning Llanbedr Lease Extensions

  • I bought a property in Llanbedr and it has nearly 67 years left. I'd like to extend the lease period
  • I am in need of a rough estimate of what a lease extension will cost for a flat I intend to buy. It has seventy three years unexpired.
  • I'm considering buying a garden flat (leasehold) but the freeholder has been missing for slightly less than 15yrs. My query is would it be less expensive to try to buy the reversionary title or to extend lease and apply for RTM?
  • I am looking into the costs of carrying out a lease extension for my GFF in Llanbedr, and would like some figures on that.
  • Are you able to advise on how much it would financials and the best way to get a lease extension started? I have about fivety five years outstanding and I own a 2 bed flat in Llanbedr.
  • I am a freeholder of a block of flats in Llanbedr, and the lessees are in the process of being granted lease extensions. I should hopefully get funds next month. How does the tax work, the property is co-owned with my wife ?
  • I am looking to buy a one bed flat in Llanbedr for asking price of 156k, which has 70 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I require an estimate to extend my mother’s lease on a studio flat in Llanbedr. She recently got a figure from the freeholder for a lease extension but I am unclear whether it is too high.
  • I am currently negotiating a lease extension for my flat in Llanbedr 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?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my studio flat in Llanbedr

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