Top Ten Questions relating to Penylan Lease Extensions

  • My partner has a flat based in Penylan which we are about to put on the market. The leasehold has circa 71 years left on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we commence arranging a lease extension? Thank you.
  • I am interested in getting a lease extension for a flat in Penylan and want to use a local . Are you able to help me find a ?
  • We have seen a house for sale for £185,000 and we are very interested but we've just discovered that it is leasehold. There are 928 years remaining 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.
  • Hi. I need a to have a look at my lease extension prior to it being formalised just to ensure there's nothing that I haven't seen - it's just a reissue with a few minor changes.
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Penylan, and my lease will reach 74 years this March. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • I'm looking for an apartment to buy in Penylan and I'm not really familiar with the leasehold arrangement. I've found a maisonette I like with a 91 years lease. My research reveals that I can go for a lease extension having owned the property for a couple of years, but:- Should I anticipate any issue with my proposed mortgage lender Chelsea Building Society?
  • I am a landlord of a block of flats in Penylan, and the leaseholders are in the process of being granted lease extensions. I anticipate receiving funds next week. How does the tax work, the property is in joint names with my husband ?
  • We are considering purchasing a one bedroom apartment in Penylan which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what happens when lease ends, the cost of a lease extension, can the freeholder of the property evict me from my own flat and block me from extending the lease?
  • 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?
  • My nephew has a share of freehold, with two other leaseholders in a building in Penylan. House converted into three flats. He has a lease, which has nearon sixety eight years left. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?

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