FAQs concerning Axmouth and Branscombe Lease Extensions

  • I’m just looking for a maisonette to purchase in the Axmouth and Branscombe area and was wondering how much would it cost to extend a lease? It has 62 years residual lease term...
  • My partner has a flat located in Axmouth and Branscombe which we have just put on the market. The leasehold has roughly 69 years remaining 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 have been in touch with my freeholder for a lease extension for my flat in Axmouth and Branscombe. His has been in contact with fees etc. I need a quote for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started November 199.
  • I'm considering purchasing a one bed flat (leasehold) but the freeholder has been missing for nearly 15yrs. My question is would it be cheaper to try to purchase the reversionary title or to get a lease extension and apply for right to manage?
  • I invested in buying a one bedroom apartment in Axmouth and Branscombe. I am looking for a lease extension on the property. It is nearly eighty one years. I would just like to know what your charges are and how long it would take for completion.
  • Ref a property in Axmouth and Branscombe. upper maisonette. 79 yrs remaining. I have an agreed lease extension to £14k for 125yrs. Freeholder also requested Section 42 Notice which I think should not be necessary. Can you assist.
  • My husband and I have a first floor flat in Axmouth and Branscombe with 71 years to run. Ten months ago we were quoted a deal to receive a lease extension for a further 25 years but also uplift the ground rent from notional to a little more..plus a premium I think of approximately 16k. We have now decided to proceed but do we now have to renegotiate?
  • 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?
  • I'm living with my mum and dad but have a studio flat in Axmouth and Branscombe let out which has a 75 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 Axmouth and Branscombe 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?
  • I am the freeholder of a property in Axmouth and Branscombe where the leaseholder would like a lease extension. Her valuer has provided a figure of £9,000, but has upped this to £10,000 without too much effort. My valuer has put forward a much higher amount. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to a FTT, can I deal with this myself, just armed with the valuations I have? If not, what costs would I be likely to incur?

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