FAQs concerning Llandudno Lease Extensions

  • I agreed with the freeholder for a lease extension on our flat in Llandudno, 20.5k for another 90yrs. How long will it take ?
  • 20,000 agreed with the freeholder, just seeking to find a Llandudno for a lease extension. Our lease has slightly more 57 yrsleft. How long will this take ?
  • The terms for the lease on my flat in Llandudno are 99 years from 10 Sep 1989. Please give me a quote to extend the lease if I give you more information please?
  • How much will it cost me and what is the best way to start the lease extension process? I have circa fivety five years outstanding on my lease on a garden flat in Llandudno. I have called the managing agents who represent the head landlord and they gave me the number of the surveyor. I left a phone message for the valuer but I am not receiving any kind of answer.
  • My son has a share of freehold, with two other leaseholders in a building in Llandudno. House split into three flats. He has a lease, which has around 71 yrs outstanding. How much would it cost for a lease extension and how many years would he need to extend by?
  • Coming up to 2 years that I have owned my studio flat in Llandudno. I have sixety yrs outstanding on the lease. I am now wanting to buy a share of freehold or a lease extension. I purchased the property for 320K, 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: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process goes to the tribunal etc)?
  • If somebody owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
  • My husband and I have been in discussion with our freeholder after having a valuation on our 2 bed flat in Llandudno. We have a 66 year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • We currently own a three bedroom second floor purpose built flat in Llandudno 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 seventy six 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. Can you offer some advice on this? Do I contact the freeholder first and will they be able to give me a cost?
  • I am currently negotiating a lease extension for my flat in Llandudno 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?

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