Old Colwyn Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Old Colwyn Lease Extensions
I have just bought a studio flat inOld Colwyn and I'm thinking about a lease extension as soon as I can e.g. in two years
I want to purchase a leasehold property and lease extension. The seller has been there for three 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 ?
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 plan on buying a flat based in Old Colwyn. My offer is subject to the lease extension. The current owner’s solicitors has given to the freeholder the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Yorkshire Building Society. Moreover, which are the following lease extension steps to complete the purchase?
Think I may have made a mistake, I am searching for a solicitors in Old Colwyn who has Leasehold Tribunal expertise in relation to lease extensions. Are you able to help me with?
We purchased a leasehold with a freeholder who has failed to give us a counter-notice for a lease extension for our flat in Old Colwyn and are therefore deliberating the option of a vesting order. Is this something you can help us with?
I am a FTB of a leasehold flat in Old Colwyn. The lease has just 72 years outstanding and ground rent is £50. Is it possible for the homeowner to serve the Notice of Claim and then transfer this right to me as the purchaser once I complete the buying process so that I don't have to wait for the two 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 achievable but will it be very time costly to the homeowner? To add to the complexity the freeholder is absent, so I am not sure how does it work.
I would like some advice on leasehold property buying. We intend to buy a link detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Old Colwyn area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?
I am in need of some help with a lease extension. I live in Dublin but the flat in question is based in Old Colwyn. I would be grateful if you can give me a call when you get a chance to discuss the case.
I'm living with my mum and dad but have a three bedroom ground floor purpose built maisonette in Old Colwyn let out which has a sixety 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 Old Colwyn 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 13k. Should I keep or sell the flat?