Nefyn Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Nefyn Lease Extensions
I am the registered owner of a one bed flat in Nefyn with a leasehold unexpired of 65 years. I am wondering about how much I will need to spend to extend my leasehold
The intention is to sell our garden flat in Nefyn but we may need to extend the lease, or at least cover the expense of our purchaser. Can you recommend someone to help us?
I own a leasehold apartment in Nefyn. I have built a large extension and have not informed the freeholder. What are my options?
I am a landlord of a block of flats in Nefyn, and the lessees are in the process of being issued lease extensions. I should hopefully get funds next month. Are there any tax implications, the property is co-owned with my husband ?
My apartment in Nefyn is up for sale and I have a hopefully firm offer. There is 82 years to run on the lease and I want to extend the lease. What will it likely cost to get a lease extension by, say,35 years
I am the owner of a purpose-built flat located in a large development in Nefyn. The leasehold interest in the apartment on a 99 year lease which commenced on 2nd October 1972 with a non-reviewable ground rent of £25 per annum. I wish to obtain a lease extension. Can I talk with someone to discuss my options please?
Just been over 2 years that I have been in my one bedroom apartment in Nefyn. I have 72 yrs unexpired lease on the lease. I am now looking either to purchase a share of freehold or extend my lease. I purchased the property for 350K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my property lawyers about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
I am the registered freeholder of a couple of flats. Someone has the lease on the garden flat in Nefyn. I reside in the top flat. I was looking at the title deeds today when I noticed that my flat has a lease on it. There is 60 years remaining. If I want a lease extension then would I just be paying for the property lawyers fees?
I am currently negotiating a lease extension for my flat in Nefyn as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
I have a lease of seventy four years remaining on my flat in 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?