Porthmadog Lease Extensions: Q and A’s

  • I am in need of a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has 56 years residual lease term.
  • Hi. I need a to review my lease extension before it's completed just to ensure there's nothing that I haven't seen - it's just a reissue with a few minor amendments.
  • I acquired a one bed flat located in Porthmadog with a leasehold unexpired of 58 years. I am enquiring about what I will need to spend to extend my lease
  • I am a FTB of a leasehold flat in Porthmadog. The lease has just 77 years remaining and ground rent is £75. Is it possible for the owner to serve the Section 42 Notice and then transfer this right to me as the buyer once I complete the buying process so that I can avoid waiting for the 2 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 legal but will it be very time costly to the owner? To add to the complexity the freeholder is absent, so I am not sure how this will play out.
  • We wish to extend our lease. We will have been in the flat for two years as of 1st Feb 2016. It has approximately seventy eight years remaining currently. Hoping to get a lease extension with a further 90 years as expeditiously and stress free as possible.
  • My husband has a share of freehold, with two other leaseholders in a building in Porthmadog. House divided into three apartments. He has a lease, which has around 60 years left. How much would it cost for a lease extension and how many years would he need to extend by?
  • I'm living with my mother and father but have a one bedroom first floor purpose built maisonette in Porthmadog let out which has a 64 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 Porthmadog 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 19k. Not sure sure whether to hold on or sell the flat?
  • I'm intent on buying a flat in Porthmadog valued at £195,000 the flat has approximately sixety six years remaining on the lease. My offer was subject to the lease being renewed... .. that was back in September, hoping I'd have completed before now. The owner has just informed the agent that they are prepared to reduce the price by£7k if they don't have to deal with the lease extension. I'm not sure if I should take them up on the offer
  • I'm hoping for some advice with regard to extending the lease on my maisonette. The intention is to do this in nine months time as we must move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Can you recommend a good who specialises in lease extensions. Ideally based in Porthmadog?
  • My aunt is concerned about seeking a lease extension from a difficult landlord. Regardless of the fact that the correct procedures were adhered to under the appropriate legislation, the landlord still tried to get ground rent of £300 increasing by 100% every twenty years of the new term. Can you assist?

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