FAQs concerning Menai Bridge Lease Extensions

  • I will soon view a one bedroom maisonette, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has sixety eight years remaining on the lease. It is also a repo so I'm assuming that the vendor will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?
  • I own a share of the freehold. There are five flats in the building. All the leaseholders are now looking for lease extensions. How long will take to get a lease extension?
  • We are considering purchasing a ground floor flat in Menai Bridge which is a leasehold. I am enquiring as to the pros and cons of that - what happens when lease ends, the cost of a lease extension, can the freeholder of the property evict me from my own flat and prevent me from having a lease extension?
  • Me and my partner are proceeding with buying a garden flat in Menai Bridge. I was advised by the EA that the lease extension had already been completed while on a viewing (54 years outstanding prior to extension). The description on the listing said "sold with a long lease". It turns out at the point of exchange of contracts we find that the lease has not been extended. The current owner supposedly has a quote but no money to extend as a result the vendor intends to exchange and use the deposit monies to extend the lease. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?
  • We have owned a leasehold flat for around eighteen years. It now has sixety eight years unexpired lease on the lease. Following a year of protracted negotiations through my conveyancers and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to a Tribunal and would welcome advice.
  • I am planning to extend the lease on my one bedroom apartment in Menai Bridge I am looking for a local company to calculate the premium. I have a price from the landlord. I would like to go forward as soon as possible, but for the right premium and fee.
  • Me and my partner have been in discussion with our freeholder after having a valuation on our one bedroom apartment in Menai Bridge. We have a 60 year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount 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 conveyancing practitioners to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I note that your website states the likely fee to extend a lease is £495. Is that the all inclusive cost including vat and the land registry fee? The price has already been negotiated with the freeholder for the lease extension for my garden flat in Menai Bridge
  • I'm looking at buying a flat in Menai Bridge at a price of £195,000 the flat has approaching 65 years left on the lease. My offer was subject to the lease being renewed... .. that was back in June, hoping I'd have completed by Christmas. The owner has just come back saying they'll reduce the price by£8k if they don't have to deal with the lease extension. I'm unsure if I should take them up on the offer
  • Just a quick question, how much does it cost for a lease extension on a residential property in Menai Bridge for a three bed flat - section 42 having been issued?
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    Lease Extensions in Menai Bridge

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