Common questions relating to Y Felinheli Lease Extensions

  • I am looking for a lease extension on the lease on my 2 bed flat in Y Felinheli which will have 59 years unexpired lease in November. What fees are applicable?
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I am a landlord of a block of flats in Y Felinheli, and the leaseholders are in the process of being given lease extensions. I should hopefully get funds next month. As I am not on self assessment do I get in touch with the tax man ?
  • We would like to extend our lease. We will have been in the property for two years as of 22nd May 2015. It has just over sixety four years remaining currently. Hoping to get a lease extension with a further 90 years as expeditiously and stress free as is reasonably achievable.
  • I would like some guidance on leasehold property buying. We are going to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Y Felinheli area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
  • I'm living at mum and dad but have a ground floor flat in Y Felinheli let out which has a sixety nine 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 Y Felinheli 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. Should I keep or sell the flat?
  • My fiance and I have been in discussion with our freeholder after having a valuation on our garden flat in Y Felinheli. We have a 74 year lease and we wish to increase this to 99. The Freeholder has provided 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 conveyancers to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • Me and my wife are in the throws of buying a home (a one bedroom apartment based inY Felinheli with share of freehold). Throughout our search, we were always looking at apartments that had at least eighty five years outstanding. We identified a flat we fell in love with and the selling agent promised us that the lease was long albeit not specifying a number. Yesterday our conveyancers informed us the lease only has seventy five years and therefore requires a lease extension. Should we walk away, or do we reduce our offer?
  • I am concerned about seeking a lease extension from tricky freeholder. Notwithstanding that the legal procedures were followed under the 1993 Act, the freeholder still tried to get ground rent of £250 increasing by 100% every twenty five years of the new lease. Can you help?
  • Are you able to provide an estimate to extend my mum’s lease on a garden flat in Y Felinheli. She already has a price from the freeholder for a lease extension but I am not sure it is reasonable.
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    Lease Extensions in Y Felinheli

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