I'm deliberating over purchasing a garden flat (leasehold) but the landlord has been absent for just over 15yrs. My query is would it be cheaper to try to purchase the reversionary title or to extend lease and apply for RTM?
I am looking into the costs of carrying out a lease extension for my one bedroom apartment in Llandudno Junction, and would like some figures on that.
I am a first time buyer of a leasehold flat in Llandudno Junction. The lease has only sixety six years residual lease term and ground rent is £95. Is it possible for the homeowner to serve the Section 42 Notice and then transfer this right to me as the purchaser on the day of completion so that I can avoid waiting for the 2 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 achievable but will it be very time consuming to the current owner? Unfortunately the landlord can not be found, so I am not sure how this will play out.
I have my suspicions that my daughter might have had the wool pulled over her eyes. She put in an offer on a garden flat in Llandudno Junction, where the lease is just under 65 years but she was advised by the estate agents that the current owner had extended it to 125 years. She has now been advised the homeowner was waiting for her to appoint conveyancers ahead of instigating the lease extension. Seems devious, also it may take a while to sort it all out. Am I being too sceptical?
My fiance and I are considering purchasing a ground floor flat in Llandudno Junction which is a leasehold. I am wanting to weigh up the pros and cons of that - what happens when lease ends, the cost of a lease extension, can the freeholder of the land evict me from my own flat and block me from having a lease extension?
My husband has a share of freehold, with two other leaseholders in a building in Llandudno Junction. House split into three flats. He has a lease, which has circa 78 years unexpired lease. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
I own 50% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 58 years. I need a property lawyers at my end. Can you advise please? I live near Llandudno Junction and have a mortgage with Platform Home Loans Ltd.
My fiance and I are buying a maisonette in Llandudno Junction which has share of freehold and a leasehold. The lease was starting to get low so the seller commenced extending the lease. The owner has submitted the lease extension paperwork to HMLR. A crucial aspect of the house buying process is for our conveyancing practitioners to do OS1 search on the property title. The problem here is that as a lease extension has been submitted we've been told by our conveyancers it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it right that we must be patient pending registration of the new lease?
I own the freehold to two flats. Someone has the lease on the lower flat in Llandudno Junction. I occupy in the top flat. I was looking at the land registry documents last night when I noticed that my flat is leasehold. There is 56 years left. If I want to do a lease extension then would I just be paying for the lawyers charges?
I'm hoping for some advice concerning a lease extension on my apartment. I'll be looking to do this next summer as we need to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. Do I look to extend it now or wait until I sell my place and have it all tied in with the property sale?