Examples of recent questions relating to Lease Extensions in Morfa Nefyn

  • I want to buy a leasehold property and extend the lease. The homeowner has been there for four years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I am the registered owner of a one bedroom apartment based in Morfa Nefyn with a leasehold unexpired of sixety seven years. I am curious about how much it will cost me to extend my leasehold
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I am looking at purchasing an auction property and found a one bed flat in Morfa Nefyn. It has just 50 year lease..the vendor as mortgagees in possession will not want the aggravation of seeking a lease extension..what are the drawbacks of this except for the huge fee to extend the lease and decreased chance of obtaining a mortgage with The Mortgage Works?
  • I am in need of a lease extension for my flat in Morfa Nefyn and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • Me and my husband would like to know the cost of a lease extension valuation for a property based in Morfa Nefyn. Is this something you can assist us with?
  • I'm living with my mum and dad but have a ground floor flat in Morfa Nefyn let out which has a 54 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Morfa Nefyn for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Not sure sure whether to hold on or sell the flat?
  • It says on your website the likely fee to extend a lease is £495. Is that the all inclusive cost excluding value added tax and the land registry fee? The price has already been negotiated with the freeholder for the lease extension for my studio flat in Morfa Nefyn
  • I own the freehold reversion of a property in Morfa Nefyn where the leaseholder has requested a lease extension. Her so called valuation expert has suggested a figure of £9,000, but has increased this by £2,000 at the drop of a hat. My valuer has suggested a much higher amount. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to tribunal, can I deal with this myself, just equipped with the valuations I have? If not, what charges would I be likely to incur?
  • My wife and I are aware that others in the same block had already had a lease extension, and the freeholder seemed reasonable. Therefore is seems worth taking risk of avoiding a formal valuation and calculate the initial offer on previous prices . This would save on double valuation fees. Is this advisable?

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