Top Ten Questions relating to Llanfechain Lease Extensions

  • I bought a one bedroom apartment in Llanfechain that I now cannot sell as a result of the lease requiring a lease extension. How long will it take ?
  • I invested in buying a property in Llanfechain and it has nearon sixety seven years outstanding. I'd like to extend the lease period
  • We have seen a house for sale for £215k and we are very interested but we've just discovered that it is leasehold. There are 928 years unexpired so a lease extension is not a worry. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any help would be much appreciated.
  • I am looking into the costs of carrying out a lease extension for my GFF in Llanfechain, and would like some figures on that.
  • Offer accepted on a a garden flat in Llanfechain, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer sent through which states the lease as 85 years.Contracts were due to be exchanged in a couple of days. My question is Is it not odd that my didn't spot this far earlier than just before exchange?
  • I have a leasehold property in Llanfechain with 67 years unexpired on the lease. I am looking for a to help me get a lease extension. Can you assist?
  • I'm seeking some help concerning a lease extension on my flat. The intention is to do this in six months time as we must 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 tribunal route. Can you recommend a good with expertise in lease extensions. Preferably nearby in Llanfechain?
  • I am currently in the process of refinancing my garden flat in Llanfechain and the mortgage company that I am looking to move to needs a minimum 80 years on the leasehold of my property in order for them to take the mortgage forward. I have discovered that I currently have around 75 years on the leasehold so require some help, guidance, and some quotes to set the wheels in motion for a lease extension
  • I am currently negotiating a lease extension for my flat in Llanfechain 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?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my garden flat in Llanfechain

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