Llanfairpwllgwyngyll Lease Extensions: Q and A’s

  • I’m about to offer on a ground floor flat to buy in the Llanfairpwllgwyngyll area and was after more information on how much would it cost for a lease extension? It has 64 years residual lease term...
  • I want to purchase a leasehold property and lease extension. The flat owner has been there for three years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • Hi. I need someone to review my lease extension before it's formalised just to make sure there's nothing that I haven't seen - it's just a reissue with a few minor amendments.
  • I am looking to either purchase the freehold or a lease extension of my property in Llanfairpwllgwyngyll and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously get a new mortgage with Leeds Building Society to release of equity. The adviser dealing with the remortgage suggested I get two quotes : one to extend the lease and one for outright purchase .The lease started in 1972 and since then the ground rent has increased from £15.00 per year to £200 per annum.
  • I am a first time buyer of a leasehold flat in Llanfairpwllgwyngyll. The lease has just 62 years residual lease term and ground rent is £25. Is it possible for the flat owner 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 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 costly to the current owner? To add to the complexity the freeholder can not be found, so I am not sure how this will play out.
  • I am a landlord of a block of flats in Llanfairpwllgwyngyll, and the lessees are in the process of being given lease extensions. I anticipate receiving funds next week. As I am not on self assessment do I get in touch with the tax man ?
  • Regarding a residence in Llanfairpwllgwyngyll. lower maisonette. seventy nine yrs remaining. I have negotiated a lease extension price of £14k for 125yrs. Landlord also insisted on Notice of Claim which I think should not be necessary. Can you assist.
  • I am in need of some help with a lease extension. I live in Edinburgh but the property in question is based in Llanfairpwllgwyngyll. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I'm living at mother and father but have a two bedroom ground floor purpose built flat in Llanfairpwllgwyngyll let out which has a sixety two 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 Llanfairpwllgwyngyll 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?
  • I have a lease of 72 years remaining on my flat in Llanfairpwllgwyngyll. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?
  • Other Topics

    Lease Extensions in Llanfairpwllgwyngyll

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