Questions and Answers: Axmouth and Branscombe Lease Extensions

  • Me and my husband are looking for lease extension for our two bed flat located in Axmouth and Branscombe and we are confused by the letter that we got from our freehold company. What's your legal fee?
  • I need to extend my current lease can you assist? My investigation with the Land Registry reveal that it has 60 years outstanding
  • 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 going to purchase a flat located in Axmouth and Branscombe. My offer is subject to the lease extension. The homeowner’s has given to the freeholder the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Skipton Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • We are selling our one bedroom apartment in Axmouth and Branscombe but we may need to extend the lease, or possibly cover the expense of our purchaser. Are you able to help me find a to assist?
  • My co-lessees and I are in a block containing three flats in Axmouth and Branscombe and have been offered to buy the freehold for £6000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I am looking to either purchase the freehold or a lease extension of my property in Axmouth and Branscombe and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a remortgage with Barclays to free up equity. The adviser dealing with the remortgage suggested I get two estimates : one for the lease extension and one for outright purchase .The lease commenced in 1979 and since then the ground rent has increased from £38.00 per annum to £125 per annum.
  • I intend to buy a one bed flat in Axmouth and Branscombe for asking price of 145k, which has seventy years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I am the freeholder of a 1930’s property split into two flats. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current fivety five years. What are my next steps?
  • If a leaseholder owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?

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