Questions and Answers: Old Colwyn Lease Extensions

  • I'm intending to make an offer on a house in Old Colwyn but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Coventry Building Society giving us the mortgage now?
  • I am looking to buy a 2 bed flat in Old Colwyn with a lease of 64 years but unsure what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • My co-lessees and I are in a block consisting of four flats in Old Colwyn and have been offered to buy the freehold for £3,500 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • Is it possible to talk with you about a flat in Old Colwyn, I am thinking of bidding at auction next week. The flat only has a few years unexpired lease and I am curious about how much it would cost to get a lease extension and for your services.
  • I wondered if you could help me on how much it would cost and the optimum way to get a lease extension started? I have nearon 68 years left and I own a three bedroom first floor purpose built maisonette in Old Colwyn.
  • Re a property in Old Colwyn. upper maisonette. sixety nine yrs left. I have negotiated a lease extension price of £14k for 115yrs. Freeholder also requested Initial Notice which I think is a bit over the top. Can you assist.
  • Me and my husband would like to know the cost of a lease extension valuation for a property based in Old Colwyn. Is this something you can help us with?
  • I am the freeholder of a property in Old Colwyn and a leaseholder has requested a lease extension. Her so called valuation expert has provided a figure of £9,000, but has upped this to £10,000 without too much effort. My surveyor has suggested a much higher figure. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to a FTT, can I handle the matter myself, just armed with the valuations I have? If not, what charges would I be likely to face?
  • We are worried about getting a lease extension from a difficult freeholder. Notwithstanding that the legal procedures were followed under the appropriate legislation, the landlord still tried to charge ground rent of £200 doubling every twenty years of the new term. Can you help?
  • I have seventy eight years remaining on my lease of a ground floor flat in Old Colwyn, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable

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