Frequently asked questions relating to Llanbedrog Lease Extensions

  • My name´s Sam. I’m property hunting in Llanbedrog I'm seeing a garden flat online, with circa 62 years remaining, how much does it cost on average to get a lease extension by, say, 45 years?
  • Hello. I need someone to have a look at my lease extension before it's signed 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 am the registered owner of a maisonette in Llanbedrog with a leasehold unexpired of sixety seven years. I am curious about how much I will need to spend to extend my leasehold
  • Possibly made an error, I am seeking a conveyancing practitioners in Llanbedrog who has Leasehold Tribunal expertise when it comes to lease extensions. Is this something you can assist me with?
  • I am looking to either purchase the freehold or a lease extension of my property in Llanbedrog and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a remortgage with Birmingham Midshires to release of equity. My adviser handling the remortgage suggested I get two estimates : one for the lease extension and one for outright purchase .The lease began in 1972 and since then the ground rent has increased from £25.00 per year to £300 per year.
  • I am a FTB of a leasehold flat in Llanbedrog. The lease has just 67 years outstanding and ground rent is £75. Is it possible for the homeowner to serve the Notice of Claim and then transfer this right to me as the buyer once I complete the buying process so that I can avoid waiting for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the owner? To add to the complexity it’s the case of an absent landlord, so I am not sure how this will play out.
  • My mortgage lender requires a £600 fee for their conveyancing practitioners for a "deed of substituted security" for the lease extension for my flat in Llanbedrog... I am unable to find any reference of this in my mortgage guide... is this a standard fee to pay?
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously advised that I have to have the finances in place before I set the ball rolling, is this correct?
  • My wife and I are aware that others in the same block previously had a lease extension, and the landlord was amenable. It therefore appears worth taking risk of not having formal valuation and calculate the initial offer on on the premiums paid by others . This would save on double valuation fees. Would you suggest this course of action?
  • I am planning on remortgaging my ground floor flat in Llanbedrog and the bank that I am looking to switch to needs a minimum 85 years on the leasehold of my property in order for them to take the mortgage forward. I have discovered that I currently have around 61 years on the leasehold so require some advice, guidance, and some quotes to get the wheels in motion for a lease extension
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    Lease Extensions in Llanbedrog

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