Common questions relating to Moelfre Lease Extensions

  • Me and my fiance are looking for lease extension for our apartment located in Moelfre and we don't fully understand the letter that we got from our landlord company. What's your legal fee?
  • My name´s Jamie. I’m house hunting in Moelfre I'm deliberating offering on a 2 bed flat online, with nearon sixety three years left, how much will it likely cost to extend in this area by, say, twenty years?
  • I am about to put an offer in on a one bed flat in Moelfre with a lease of fivety six years but have no idea how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • My neighbours and I are in a block made up three flats in Moelfre and have been offered to buy the freehold for 7k 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 am a first time buyer of a leasehold flat in Moelfre. The lease has just 66 years residual lease term and ground rent is £95. Is it possible for the owner to serve the Section 42 Notice and then assign over the right to me as the buyer 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 achievable but will it be very time costly to the seller? To add to the complexity it’s the case of an missing freeholder, so I am not sure how does it work.
  • I am a freeholder of a block of flats in Moelfre, and the leaseholders are in the process of being issued lease extensions. I should hopefully get the money within a month or so. As I am not on self assessment do I contact HMRC ?
  • I am thinking about buying an auction property and came upon a one bed flat in Moelfre. It has just fifty year lease..the vendor being mortgagees in possession will not want to mess around with applying for a lease extension..what are the drawbacks of this other than the huge fee to extend the lease and decreased chance of getting a mortgage with Virgin Money?
  • I an interested in finding out more about leasehold property buying. We hope to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Moelfre area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
  • My wife and I are aware that others in the same building had already had a lease extension, and the landlord seemed reasonable. It therefore appears worth taking risk of avoiding a formal valuation and calculate the initial offer on on the premiums paid by others . This would save on double valuation fees. Is this advisable?
  • I have a lease of 76 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?
  • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Moelfre