Questions and Answers: Old Colwyn Lease Extensions

  • I agreed with the freeholder for a lease extension on our flat in Old Colwyn, 13.5k for an additional 90yrs. How long will it take ?
  • I need to extend my current lease can you assist? My investigation with the Land Registry reveal that it has sixety nine years remaining
  • I have contacted my freeholder for a lease extension for my flat in Old Colwyn. His property lawyers has been in contact regarding costs etc. I need a quote for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started November 1992.
  • I am going to purchase a flat based in Old Colwyn. The offer is conditional upon a lease extension. The vendor’s property lawyers has served the Section 42 Notice. 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 Norwich and Peterborough Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • We hope to sell our three bed flat in Old Colwyn but we may need a lease extension, or possibly cover the expense of our purchaser. Can you suggest someone to assist?
  • We have a residential flat in Old Colwyn with sixety eight years to run. Last year we were quoted a deal to have a lease extension for another fifty years but also uplift the ground rent from notional to a little more..plus a premium I think of approximately 16k. We have now decided to go ahead but do we now have to renegotiate?
  • Offer accepted on a a three bed flat in Old Colwyn, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer sent through which states the lease as eighty years.We are soon to exchange contracts in a couple of days. My question is how is possible that the estate agent got it so wrong?
  • I intend to buy a one bed flat in Old Colwyn for asking price of 156k, which has 74 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • My husband and I are in the throws of buying a flat (a garden flat inOld Colwyn with share of freehold). Throughout our search, we were always looking at properties that had a minimum 83 years remaining. We came across a flat we liked and the estate agent assured that the lease term was not an issue. Today our conveyancing practitioners told us the lease only has sixety three years and therefore requires a lease extension. Do we run away, or should we reduce our offer?
  • Are you able to provide an estimate to extend my mother’s lease on a one bedroom apartment in Old Colwyn. She recently got a price from the landlord for a lease extension but I am far from certain if it is reasonable.
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    Lease Extensions in Old Colwyn

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