Penylan Lease Extensions: Q and A’s

  • I’ve just bought a two bedroom second floor purpose built maisonette based inPenylan and I'm deliberating extending the lease as soon as I can e.g. in two years
  • I have an interest in the freehold of 2 blocks of flats comprising of 8 flats each. 2 of the leasehold owners want a lease extension and I'm curious about the procedure for this
  • I own a leasehold flat in the Penylan area and was wondering whether I could get a lease extension. What are your processes and fees. Has seventy nine years unexpired
  • Hello. I need a to have a look at my lease extension before it's completed just to ensure there's nothing that I haven't seen - it's just a reissue with a few small variations.
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I am looking into the costs of carrying out a lease extension for my studio flat in Penylan, and would like some figures on that.
  • I am deliberating whether to purchase the freehold or a lease extension of my property in Penylan and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously get a new mortgage with Skipton Building Society to release of equity. The broker dealing with the remortgage suggested I get two estimates : one to extend the lease and one for outright acquisition .The lease commenced in 1991 and since then the ground rent has been raised from £25.00 per year to £125 per annum.
  • I'm looking for an apartment to purchase in Penylan and I'm not really familiar with the leasehold arrangement. I've identified a garden flat I like with a 90 years lease. I've read that I can go for a lease extension after a couple of years, but:- Should I anticipate any issue with my proposed mortgage lender Nationwide Building Society?
  • I am concerned that my daughter might be having the wool pulled over her eyes. She put in an offer on a studio flat in Penylan, where the lease is about sixety one years but she was told by the selling agents that the flat owner had extended it to 99 years. Only now has she been told the owner was holding off for her to retain lawyers prior to commencing with the lease extension. Seems odd to me, also it may take months to sort it all out. Am I being too sceptical?
  • I'm seeking some assistance concerning extending the lease on my maisonette. The intention is to do this sometime next year as we must move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. You are able to recommend a good with expertise in lease extensions. Ideally nearby in Penylan?

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