Common questions relating to Y Felinheli Lease Extensions

  • I agreed with the head landlord for a lease extension on our flat located in Y Felinheli, 11.5k for an additional 90yrs. How long is the process ?
  • I have shares in the freehold of 2 blocks of flats comprising of six flats each. Two of the leaseholders want to extend their leases and I'm wondering about the procedure for this
  • Is it possible to talk with you about a flat in Y Felinheli, I am thinking of buying at auction next week. The flat only has a few years left and I was wondering about what it would cost to get a lease extension and for your services.
  • I am looking to either purchase the freehold or a lease extension of my property in Y Felinheli and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously refinance with Alliance & Leicester to release of equity. My broker dealing with the remortgage suggested I get two estimates : one to extend the lease and one for the freehold acquisition .The lease started in 1991 and since then the ground rent has been raised from £15.00 per annum to £100 per annum.
  • I am a first time buyer of a leasehold flat in Y Felinheli. The lease has only seventy two years left and ground rent is £95. Is it possible for the flat owner to serve the Section 42 Notice and then transfer this right to me as the purchaser once I complete the buying process so that I can avoid waiting for the two 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 consuming to the vendor? Unfortunately it’s the case of an missing landlord, so I am not sure how this will play out.
  • 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 am looking to extend the lease on my ground floor flat in Y Felinheli I am looking for help to verify the premium. I have a quote from the landlord. I would like to go forward as soon as possible, but for the right premium and fee.
  • My partner and I have been in discussion with our freeholder after having a valuation on our three bed flat in Y Felinheli. We have a sixety seven year lease and we wish to increase this to 99. The Freeholder has supplied us with a financial figure that she 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 to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I'm hoping for some advice concerning extending the lease on my apartment. I'll be looking to do this next autumn 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. Preferably someone in Y Felinheli area?
  • I have a lease of seventy two years remaining on my flat in Y Felinheli. 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?

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