Questions and Answers: Penrhyndeudraeth Lease Extensions

  • I am considering investing in a second home but it has a lease that expires in 14 years. Its in Penrhyndeudraeth - I wanted to see if with your services this could be extended?
  • I need to negotiate a lease extension for a flat in Penrhyndeudraeth and want to use a local . Is there a that you can recommend?
  • We have seen a house for sale for £185,000 and we are very interested but we've just found out that it is leasehold. There are 928 years balance left so a lease extension is not a worry. 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 the house being ours. Any advice would be much appreciated.
  • Hello. I need someone to review my lease extension before it's signed just to make sure there's nothing that I haven't seen - it's just a reissue with a few minor amendments.
  • I invested in buying a garden flat in Penrhyndeudraeth. The start date for the lease was in 2001 for 99 years. Now I am wanting for a lease extension. I am not entirely sure about further expenses, could you tell me please how much I should expect to spend on this?
  • I am looking to either purchase the freehold or a lease extension of my property in Penrhyndeudraeth and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a refinance with Leeds Building Society to release of equity. The adviser dealing with the remortgage suggested I get two estimates : one for the lease extension and one for the freehold purchase .The lease commenced in 1991 and since then the ground rent has been raised from £25.00 per year to £100 per year.
  • I am considering acquiring an auction property and identified a studio flat in Penrhyndeudraeth. It has just fifty-one year lease..the current owner being mortgagees in possession dont want to mess around with seeking a lease extension..what are the drawbacks of this other than the expensive fee to put a new lease on it and decreased chance of obtaining a mortgage with Bank of Scotland?
  • I intend to buy a one bed flat in Penrhyndeudraeth for asking price of 156k, which has 65 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • Just a quick one, how much is the premium payable for a lease extension on a residential property in Penrhyndeudraeth for a two bed flat - sec 42 is already in place?
  • Do you handle lease extensions on land? (a plot of land in Penrhyndeudraeth with 82yrs remaining)

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