Frequently asked questions relating to Llanfairfechan Lease Extensions

  • My OH agreed with the freeholder for a lease extension on our flat in Llanfairfechan, 12.5k for an extension by 90yrs. What's your legal fee ?
  • I am looking at investing in a second home but it has a lease that expires in eighteen years. Its in Llanfairfechan - I wanted to see if with your services it is possible for this to be extended?
  • I am a first time buyer of a leasehold flat in Llanfairfechan. The lease has only seventy three years unexpired and ground rent is £25. Is it possible for the homeowner to serve the Notice of Claim 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 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 consuming to the vendor? To add to the complexity the freeholder can not be found, so I am not sure how this will play out.
  • My partner and I have a first floor flat in Llanfairfechan with fivety nine years left. Last year we were quoted a deal to receive a lease extension for another fifty years but also increase ground rent from nominal to £250 per year..plus a premium I think of approximately 14k. We have now decided to move forward but do we now have to renegotiate?
  • We have a GFF located in Llanfairfechan. There is eighty years left on the lease and we want a lease extension. How much will it likely cost to get a lease extension by, say,45 years
  • I own a share of the freehold. There are five apartments in the building. All the leaseholders are now seeking lease extensions. Are you willing to help us with this situation?
  • My solicitors (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • My husband has a share of freehold, with two other leaseholders in a building in Llanfairfechan. House split into three apartments. He has a lease, which has about 68 years remaining. How much would it cost for a lease extension and how many years would he need to extend by?
  • I'm living at mother and father but have a maisonette in Llanfairfechan let out which has a 77 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Llanfairfechan for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Should I keep or sell the flat?
  • We have been in discussion with our freeholder after having a valuation on our studio flat in Llanfairfechan. We have a seventy seven year lease and we wish to increase this to 99. The Freeholder has provided us with a financial figure that he 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 lawyers to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • Other Topics

    Lease Extensions in Llanfairfechan

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