Sample questions relating to Morfa Nefyn Lease Extensions

  • I have a lease of 69 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • I am the owner of a maisonnette together with the freehold. My upstairs neighbours have asked to extend the lease what do I need to do?
  • I'm considering buying a studio flat (leasehold) but the landlord has been absent for nearon 15yrs. I wonder whether it will be less expensive to try to acquire the reversionary title or to extend lease and apply for right to manage?
  • Think I may have made an error, I am searching for a conveyancing practitioners in Morfa Nefyn who has Leasehold Tribunal expertise in relation to lease extensions. Is this something you can help me with?
  • Is it possible to talk with you about an apartment in Morfa Nefyn, I am thinking of buying at auction next week. The flat only has a few years outstanding and I am curious about what it would cost to get a lease extension and for your services.
  • I'm looking for a flat to purchase in Morfa Nefyn and I'm not really familiar with the leasehold concept. I've identified a garden flat I like with a 91 years lease. My research reveals that I can apply for a lease extension after a couple of years, but:- Should I anticipate any issue with the mortgage?
  • My property lawyers (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • I am looking to extend the lease on my garden flat in Morfa Nefyn I am looking for a local company to calculate the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • I'm living with my mother and father but have a studio flat in Morfa Nefyn let out which has a sixety four 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 21k. Should I keep or sell the flat?
  • I have a lease of sixety eight years remaining on my flat in Morfa Nefyn. 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 Morfa Nefyn

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