Penrhyndeudraeth Lease Extensions: Q and A’s

  • So this is the scenario: I am the registered owner of a garden flat in Penrhyndeudraeth that I am finding difficult to sell due to the lease requiring a lease extension. What's your legal fee ?
  • I’m just looking for a garden flat to purchase in the Penrhyndeudraeth area and was curious what the likely fees would be to extend a lease? It has sixety four years outstanding...
  • I'm wanting to make an offer on a house in Penrhyndeudraeth but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Bank of Ireland giving us the mortgage now?
  • I have a lease of 60 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • I am about to view a two bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has 72 years balance left on the lease. It is also a repossession so I'm guessing that the lender will not be interested in extending the lease. My main concern is would the short lease make it difficult to secure a mortgage?
  • I'm living at mother and father but have a one bedroom apartment in Penrhyndeudraeth let out which has a 78 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 Penrhyndeudraeth 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 21k. Not sure sure whether to hold on or sell the flat?
  • It says on your website the likely fee for dealing with a lease extension is £495. Is that the all inclusive cost excluding value added tax and the HMLR fee? The price has already been agreed with the freeholder for the lease extension for my one bedroom apartment in Penrhyndeudraeth
  • I'm intent on acquiring an apartment in Penrhyndeudraeth valued at £195,000 the flat has approaching fivety seven years left on the lease. My offer was subject to a lease extension... .. that was back in November, hoping I'd have completed by Christmas. The owner has just informed me that they are prepared to knock £3k off if they don't have to deal with the lease extension. I'm not sure whether that's a good idea
  • We have a 2 bed flat in Penrhyndeudraeth with a lease of 68 years left with a value of around £370000 we want to add 90 years to it, how much is that likely to cost?
  • I have a lease of 62 years remaining on my flat in Penrhyndeudraeth. 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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    Lease Extensions in Penrhyndeudraeth

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