FAQs concerning Pwllheli Lease Extensions

  • My name´s Max. I’m property hunting in Pwllheli I'm seeing a three bed flat online, with nearly sixety years left, how much does it cost on average to extend in this location by, say, 25 years?
  • Hi. I need a to have a look at my lease extension ahead of it being completed just to make sure there's nothing that I haven't seen - it's just a surrender and regrant with a few small changes.
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Pwllheli, and my lease will reach 55 years this August. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • I bought a garden flat in Pwllheli. I am looking for a lease extension on the property. It is around 80 years. I would just like to know what your charges are and how long it would take for completion.
  • I am about to view a one bedroom apartment, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has seventy three years unexpired on the lease. It is also a repo so I'm assuming that the vendor will not be interested in extending the lease. My primary concern is would it be difficult to sell on without a lease extension?
  • I am thinking about acquiring an auction property and came upon a studio flat in Pwllheli. It only has a fifty year lease..the current owner as mortgagees in possession dont want the aggravation of negotiating a lease extension..what are the disadvantages of this except for the expensive fee to put a new lease on it and reduced chance of getting a mortgage with Santander?
  • 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?
  • Just been over two years that I have been in my ground floor flat in Pwllheli. I have 78 yrs outstanding on the lease. I am now wanting to buy a share of freehold or a lease extension. I acquired the property for 320K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to LVT)?
  • I own the freehold reversion of a property in Pwllheli where the leaseholder has requested a lease extension. Her so called valuation expert has suggested a figure of £8,000, but has upped this by £2,000 at the drop of a hat. My surveyor has come back with £12,520. 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 equipped with the valuations I have? If not, what fee would I be likely to face?
  • I'm looking for some advice with regard to a lease extension on my one bedroom apartment in Pwllheli. I'll be looking to do this sometime next year as we need to move at some point 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. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

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