Recently asked questions relating to Moelfre Lease Extensions

  • I acquired a property in Moelfre and it has roughly fivety five years left. I'd like to extend the lease period
  • My neighbours and I are in a block made up five flats in Moelfre and have been offered to buy the freehold for £3,500 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I need to talk to you about an apartment in Moelfre, I am considering bidding at auction next month. The flat only has a few years outstanding and I am curious about how much it would cost to get a lease extension and for your services.
  • I am a first time buyer of a leasehold flat in Moelfre. The lease has only seventy six years left and ground rent is £50. Is it possible for the homeowner to serve the Initial Notice 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 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 legal but will it be very time costly to the homeowner? To add to the complexity the freeholder is absent, so I am not sure how this will play out.
  • I am considering purchasing an auction property and identified a studio flat in Moelfre. It only has a fifty-one year lease..the vendor being mortgagees in possession dont want to mess around with seeking a lease extension..what are the disadvantages of this other than the costly fee to extend the lease and reduced chance of obtaining a mortgage with Bank of Scotland?
  • My father has a share of freehold, with two other leaseholders in a building in Moelfre. House split into three apartments. He has a lease, which has just over sixety nine years left. 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?
  • My fiance and I have owned a leasehold flat for about fifteen years. It now has 67 years remaining on the lease. After a year of protracted negotiations through my conveyancing practitioners and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to a Tribunal and would welcome advice.
  • We have been in discussion with our freeholder after having a valuation on our garden flat in Moelfre. We have a sixety five year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that she 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.
  • Hi I own the freehold reversion in a 3 bedroom flat in Moelfre. The leaseholder has a 60 year lease and would like to purchase an additional 125 years. She is offering me £27,000 but I am not sure if this is a correct amount
  • I have a lease of 66 years remaining on my flat in Moelfre. 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?
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    Lease Extensions in Moelfre

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