Common questions relating to Penrhyndeudraeth Lease Extensions

  • We are looking for lease extension for our two bed flat based in Penrhyndeudraeth and we are confused by the communication that we received from our freehold company. How long will it take?
  • Hi, I am looking somewhere around or in Penrhyndeudraeth 8-10 years lease remaining houses. I dont know if I am on the right site. Can I find lease remaining houses from here?
  • I need to negotiate a lease extension for a flat in Penrhyndeudraeth and want to use a local . Are you able to help me find a ?
  • We invested in buying a leasehold with a freeholder who has not given us a counter-notice for a lease extension for our flat in Penrhyndeudraeth and looking to do a vesting order. Is this something you can do for us?
  • My mortgage lender requires several hundred pounds for their to approve the lease extension deed for my flat in Penrhyndeudraeth... I can find no reference of this in my mortgage contract... is this a normal fee to pay?
  • I am a landlord of a block of flats in Penrhyndeudraeth, and the tenants are in the process of being given lease extensions. I anticipate receiving funds next week. Are there any tax implications, the property is co-owned with my partner ?
  • We have a ground floor flat in Penrhyndeudraeth with 76 years remaining. Ten months ago we were quoted a deal to grant a lease extension for another 25 years but also increase ground rent from nominal to a little more..plus a premium I think of about 16k. We have now decided to proceed but do we now have to start the negotiations again?
  • I am the freeholder of a 1930’s property split into two apartments. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current sixety years. What are my next steps?
  • I'm living with my parents but have a 2 bed flat in Penrhyndeudraeth let out which has a 59 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 19k. Not sure sure whether to hold on or sell the flat?
  • I have a lease of sixety one 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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