Frequently asked questions relating to Llandudno Junction Lease Extensions

  • I am looking for a lease extension on the lease on my maisonette in Llandudno Junction which will have fivety eight years unexpired lease in November. What fees apply?
  • I need to extend my existing lease can you assist? I think it has fivety six years residual lease term
  • I need to negotiate a lease extension for a flat in Llandudno Junction and want to use a local . Are you able to help me find a ?
  • I want to purchase a leasehold property and lease extension. The seller has been there over two years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I am a first time buyer of a leasehold flat in Llandudno Junction. The lease has only 68 years unexpired and ground rent is £95. Is it possible for the flat owner to serve the Initial Notice and then transfer over the right to me as the purchaser on the day of completion so that I don't have to wait for the two year qualifying 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 consuming to the owner? Unfortunately the freeholder is absent, so I am not sure how this will play out.
  • Offer accepted on a a studio flat in Llandudno Junction, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer come through which states the lease as 82 years.Contracts were due to be exchanged in a couple of days. My question is why has this only just come to my attention by my ?
  • Coming up to 2 years that I have owned my maisonette in Llandudno Junction. I have seventy six yrs unexpired lease on the lease. I am now wanting to purchase a share of freehold or a lease extension. I acquired the property for 342K, it is now roughly 425k. 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: In terms of surveyors - how do I go about finding one?
  • We are purchasing a maisonette in Llandudno Junction which has share of freehold and a leasehold. The lease was on the short side so the vendor is in the process of extending the lease. The vendor has submitted the lease extension paperwork to HMLR. A crucial aspect of the house buying process is for our to do a "priority search" on the lease. 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 must be patient until the lease extension has actually been registered before completing.?
  • I am currently negotiating a lease extension for my flat in Llandudno Junction 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 have a maisonette in Llandudno Junction with a lease of 57 years left with a value of around £290000 we want to add 90 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 Llandudno Junction