Frequently asked questions relating to Morfa Nefyn Lease Extensions

  • I’m just looking for a 2 bed apartment to buy in the Morfa Nefyn area and was enquiring what the likely fees would be for a lease extension? It has 63 years left...
  • I purchased a flat in Morfa Nefyn with a leasehold unexpired roughly 56 years and need a lease extension. Please can you advise me of the next steps
  • I need to extend my current lease can you assist? My investigation with the Land Registry reveal that it has 70 years residual lease term
  • I am the owner of a maisonnette together with the freehold title. The owners of the upstairs flat have asked to extend the lease what do I need to do?
  • I am a first time buyer of a leasehold flat in Morfa Nefyn. The lease has just 77 years residual lease term and ground rent is £50. Is it possible for the vendor to serve the Initial Notice and then transfer over the right to me as the buyer on the day of completion so that I can avoid waiting 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 legal but will it be very time costly to the homeowner? To add to the complexity it’s the case of an absent freeholder, so I am not sure how does it work.
  • I intend to buy a one bed flat in Morfa Nefyn for asking price of 156k, which has 72 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I own a purpose-built apartment located in a small development in Morfa Nefyn. The leasehold interest in the apartment on a ninety five year lease started from 2nd March 1972 with a fixed yearly rent of 45. I would like to obtain a lease extension. Can I talk with someone to discuss my options please?
  • I own 50% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around seventy two years. I need a property lawyers at my end. Can you advise please? I live near Morfa Nefyn and have a mortgage with Clydesdale.
  • Me and my wife are hoping to purchase a property (a ground floor flat located inMorfa Nefyn with share of freehold). During our search, we were always looking at properties that had a minimum ninety years unexpired. We came across a place we fell in love with and the estate agent assured that the lease term was not an issue. Today our lawyers told us the lease only has seventy six years and therefore requires a lease extension. Do we walk away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I own the freehold of a couple of flats. Someone has the lease on the ground flat in Morfa Nefyn. I reside in the top flat. I was reviewing the land registry documents today when I noticed that my flat is leasehold. There is fivety nine years remaining. If I want a lease extension then would I just be paying for the conveyancers costs?
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    Lease Extensions in Morfa Nefyn

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