Lease Extensions in Llanddulas

Questions and Answers: Llanddulas Lease Extensions

I acquired a flat in Llanddulas with a leasehold unexpired nearon 69 years and need a lease extension. Please can you clarify the next steps

I need to extend my existing lease can you help me with that? I think it has fivety four years outstanding

We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 899 years residual lease term so a lease extension is not a worry. 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 correct? We wouldn't want to pay a mortgage for twenty years without owning the property. Any advice would be much appreciated.

I plan on buying a flat based in Llanddulas. My offer is conditional upon a lease extension. The vendor’s has served 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 Alliance & Leicester . Moreover, which are the following lease extension steps to complete the purchase?

I am a FTB of a leasehold flat in Llanddulas. The lease has only 62 years outstanding and ground rent is £50. Is it possible for the seller to serve the Initial Notice and then assign this right to me as the buyer on the day of completion 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 is legal but will it be very time costly to the homeowner? To add to the complexity it’s the case of an absent landlord, so I am not sure how does it work.

I have a share of the freehold. There are five flats in the house. All the leaseholders are now looking for lease extensions. What are the timescales to grant a lease extension?

My OH and I are considering purchasing a garden flat in Llanddulas which is a leasehold. I am wondering what are the advantages and disadvantages of that - what happens when lease expires, the cost of a lease extension, can the freeholder of the land evict me from my own flat and prevent me from having a lease extension?

I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?

My wife and I are acquiring a two bedroom second floor purpose built maisonette in Llanddulas 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 vendor 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 to do a pre-completion search on the property title. The concern 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 has not been issued. Is it correct that we have to hold on pending registration of the new lease?

I have 78 years remaining on my lease of a ground floor flat in Llanddulas, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable

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