Lease Extensions in Porthmadog

Examples of recent questions relating to Lease Extensions in Porthmadog

My husband and I are looking for lease extension for our apartment located in Porthmadog and we don't fully comprehend the letter that we received from our landlord company. Are you able to help us with this situation?

I agreed with the landlord to a lease extension on our flat located in Porthmadog, 16.5k for an extension by 90yrs. How long will it take ?

I bought a flat in Porthmadog with a leasehold unexpired approximately 61 years and need to extend it. Please can you advise me of the next steps

I own a property in Porthmadog and it has around 54 years remaining. I'd like to arrange a lease extension by twenty years

I am considering buying an auction property and came upon a studio flat in Porthmadog. It only has a fifty year lease..the current owner being mortgagees in possession will not want to mess around with applying for a lease extension..what are the drawbacks of this other than the costly fee to put a new lease on it and decreased chance of obtaining a mortgage with Coventry Building Society?

My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?

I'm intent on buying an apartment in Porthmadog valued at £256,000 the flat has something like seventy seven years remaining on the lease. I put in an offer conditional upon a lease extension... .. that was back in September, hoping I'd have moved in before now. They have just come back saying they'll knock £5k off if I deal with the lease extension myself. I'm unsure whether that's a good idea

My wife and I are aware that others in the same building had already had a lease extension, and the landlord seemed reasonable. Therefore is seems worth taking risk of not having formal survey and calculate the initial offer on on the premiums paid by others . This would save on double valuation charges. Would you recommend this course of action?

Are you able to provide an estimate to extend my aunt’s lease on a maisonette in Porthmadog. She already has a price from the freeholder for a lease extension but I am unclear whether it is too expensive.

I am currently negotiating a lease extension for my flat in Porthmadog as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

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