Recently asked questions relating to Trefriw Lease Extensions

  • I’m about to offer on a two bedroom ground floor purpose built flat to purchase in the Trefriw area and was curious how much would it cost for a lease extension? It has 58 years as a balance left...
  • I acquired a flat in Trefriw with a leasehold unexpired just over sixety five years and need to extend it. Please can you clarify the next stages
  • Hello, I am looking somewhere around or in Trefriw 8-10 years lease remaining houses. I dont know if I am on the correct site. Can I find lease remaining houses from here?
  • My partner has an apartment located in Trefriw which we have just put on the market. The leasehold has circa sixety years remaining on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we get started on a lease extension? Thank you.
  • I am deliberating whether to purchase the freehold or a lease extension of my property in Trefriw and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a remortgage with Coventry Building Society to release of equity. The adviser dealing with the remortgage suggested I get two quotes : one to extend the lease and one for the freehold purchase .The lease began in 1972 and since then the ground rent has been raised from £25.00 per annum to £100 per year.
  • I am a landlord of a block of flats in Trefriw, and the leaseholders are in the process of being issued lease extensions. I should hopefully get the money next week. Are there any tax implications, the property is in joint names with my husband ?
  • Me and my partner have been in discussion with our freeholder after having a valuation on our two bedroom first floor purpose built maisonette in Trefriw. We have a 59 year lease and we wish to increase this to 99. The Freeholder has given us with a premium amount that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a property lawyers to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I am currently negotiating a lease extension for my flat in Trefriw 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?
  • I have a lease of 76 years remaining on my flat in Trefriw. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?
  • I'm looking for some advice with regard to a lease extension on my maisonette in Trefriw. 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. Can you recommend a good property lawyers who specialises in lease extensions?
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    Lease Extensions in Trefriw

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