Llanbedrog Lease Extensions Example Support Desk Enquiries

  • Hello, I stumbled across this site. I'm seeking prices on what a lease extension will cost for a garden flat in Llanbedrog. It's up for sale at the moment but has around fivety eight years left on the lease
  • We have seen a house for sale for £195k and we are very interested but we've just found out that it is leasehold. There are 798 years outstanding so a lease extension is not an issue. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for twenty years without owning the property. Any information would be much appreciated.
  • I am going to purchase a flat located in Llanbedrog. My offer is conditional upon a lease extension. The flat owner’s has given to the freeholder the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Bank of Scotland. Moreover, which are the following lease extension steps to complete the purchase?
  • I have my suspicions that my niece is being hoodwinked. She put in an offer on a one bedroom apartment in Llanbedrog, where the lease is roughly 55 years but she was informed by the estate agents that the vendor had extended it to 99 years. Only now has she been informed the seller was holding off for her to instruct solicitors ahead of instigating the lease extension. Seems devious, also it will take months to sort it all out. Am I being too sceptical?
  • We have a residential flat in Llanbedrog with sixety years to run. Ten months ago we were quoted a deal to receive a lease extension for a further thirty years but also increase ground rent from notional to £300 per annum..plus a premium I think of approximately 9k. Finally we have decided to proceed but do we now have to renegotiate?
  • We have a one bedroom flat in Llanbedrog. There is 81 years left on the lease and we want to extend the lease. How much does it cost on average to extend in this location by, say,fifty years
  • I am seeking advice as I am interested in a property that has only a 69 year lease and therefore requires a lease extension. Is it possible for me to call someone to go through my options please?
  • We currently own a studio flat in Llanbedrog and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has fivety four years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Do you have some advice on this? Do I contact the landlord first and will they be able to give me a cost?
  • I have fivety nine years remaining on my lease of a ground floor flat in Llanbedrog, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high
  • We have a studio flat in Llanbedrog with a lease of fivety eight years left with a value of around £370000 we want to add 125 years to it, how much is that likely to cost?

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