Common questions relating to Old Colwyn Lease Extensions

  • I have shares in the freehold of 2 blocks of flats comprising of seven flats each. 2 of the leasehold owners want a lease extension and I'm wondering about the the process
  • I am considering investing in a holiday home but it has a lease that expires in 14 years. Its in Old Colwyn - I wanted to see if with your services this could be extended?
  • Hello. I need someone to review my lease extension prior to it being completed just to make sure there's nothing that I haven't seen - it's just a reissue with a few minor variations.
  • Regarding a leasehold in Old Colwyn. GFF maisonette. seventy five yrs unexpired. I have an agreed lease extension to £12,000 for 135yrs. Freeholder also insisted on Section 42 Notice which I think is a tad over the top. Can you assist.
  • My wife and I have a residential flat in Old Colwyn with 57 years unexpired. Last year we were quoted a deal to grant a lease extension for another fifty years but also uplift the ground rent from notional to £200 per annum..plus a premium I think of approximately 14k. We have now decided to proceed but do we now have to start the negotiations again?
  • Me and my husband are in the throws of buying a flat (a maisonette inOld Colwyn with share of freehold). During our search, we were always looking at flats that had at least 84 years unexpired. We came across a apartment we fell in love with and the estate agent promised us that the lease was long albeit not specifying a number. This morning our advised us the lease only has seventy four years and thus requires a lease extension. Should we run away, or do we negotiate our offer?
  • I am the registered freeholder to two flats. Someone has the lease on the garden flat in Old Colwyn. I reside in the top flat. I was reviewing the land registry documents last night when I noticed that my flat is leasehold. There is seventy one years remaining. If I want to do a lease extension then would I just be paying for the costs?
  • I own the freehold reversion of a property in Old Colwyn where the leaseholder has requested a lease extension. Her so called valuation expert has given a figure of £8,000, but has upped this by £2,000 without too much effort. My surveyor has come back with £12,520. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to a FTT, can I handle the matter myself, just equipped with the valuations I have? If not, what costs would I be likely to incur?
  • My sister knows that others in the same building previously had a lease extension, and the landlord was amenable. It therefore appears worth taking risk of avoiding a formal survey and calculate the initial offer on previous premiums paid . This would save on double valuation fees. Would you recommend such a course of action?
  • I have 65 years remaining on my lease of a ground floor flat in Old Colwyn, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high

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