Common questions relating to Penrhyn Bay Lease Extensions

  • I’m just looking for a one bedroom apartment to buy in the Penrhyn Bay area and was enquiring how much would it cost to extend a lease? It has 57 years left...
  • We have seen a house for sale for £215k and we are very keen on but we've just discovered that it is leasehold. There are 928 years balance left so a lease extension is not an issue. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without owning the property. Any help would be much appreciated.
  • Do you only undertake lease extensions in Penrhyn Bay? I own a flat in Abbey Wood with 90 years remaining, I am looking for a quote from a .
  • My fiance and I are considering purchasing a maisonette in Penrhyn Bay which is a leasehold. I am wondering what are the advantages and disadvantages of that - what happens when lease expires, the cost of a lease extension, can the freeholder of the property evict me from my own flat and prevent me from extending the lease?
  • We wish to extend our lease. We will have been in the apartment for two years as of 1st Jan 2015. It has approximately seventy eight years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as possible.
  • Me and my partner are proceeding with buying a garden flat in Penrhyn Bay. I was told that the lease had been extended (sixety nine years remaining prior to extension). The sales particulars stated "sold with a long lease". It turns out at the point of exchange of contracts we find that there has been no lease extension. The flat owner supposedly has a quote but no finances to extend and consequently the seller wants to exchange and use the my deposit to extend the lease. My question is as the lease hasn't been extended is there not a danger that it would breach my lenders lease length criteria?
  • I am the owner of a purpose-built flat located in a large development in Penrhyn Bay. The leasehold interest in the flat on a ninety five year lease which commenced on 11th January 1980 with a non-reviewable ground rent of £25 per annum. I wish to obtain a lease extension. Is it possible for me to talk with someone to go through my options please?
  • I an interested in finding out more about purchasing a leasehold residence. We hope to buy a link detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Penrhyn Bay area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?
  • I own 50% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around seventy seven years. I need a at my end. Can you advise please? I live near Penrhyn Bay and have a mortgage with National Westminster Bank.
  • We currently own a three bedroom second floor purpose built maisonette in Penrhyn Bay and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 72 years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Can you offer some advice on this? Should I contact the landlord first and will they be able to give me a cost?

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