Common questions relating to Penryn Lease Extensions

  • Hi, I stumbled across your website. I'm looking for prices on what a lease extension will cost for a three bedroom ground floor purpose built flat located in Penryn. It's on sale at the moment but has slightly less than 71 years left on the lease
  • I bought a maisonette based in Penryn with a leasehold unexpired of 68 years. I am enquiring about what I will need to spend to extend my leasehold
  • I am the owner of a maisonnette and the freehold of both flats. The owners of the upstairs flat have asked to extend the lease what do I need to do?
  • We have a residential flat in Penryn with sixety one years to run. Last year we were quoted a deal to grant a lease extension for another 25 years but also increase ground rent from nominal to £300 per annum..plus a premium I think of approximately 16k. We have now decided to go ahead but do we now have to start the negotiations again?
  • Offer accepted on a a three bed flat in Penryn, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer in writing through the post which states the lease as 82 years.We are about to exchange contracts in a couple of days. My query is Should I tell the owner that I will only proceed with the purchase (at the same price) on the condition they carry out a lease extension?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • Although I do not need a lease extension but I do require a vesting order on a property I want to purchase in Penryn. The house is freehold but the garden is officially leasehold, 1000 year lease from 1854. Its the garden area.
  • I am currently in the process of refinancing my three bed flat in Penryn and the mortgage company that I am looking to switch to needs a minimum 85 years on the leasehold of my property in order for them to progress matters. I have discovered that I currently have around 79 years on the leasehold so require some advice, guidance, and some quotes to set the wheels in motion for a lease extension
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my studio flat in Penryn
  • We have a garden flat in Penryn with a lease of sixety nine years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?

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