Frequently asked questions relating to Babbacombe Lease Extensions

  • I bought a flat in Babbacombe with a leasehold unexpired circa 77 years and need to extend it. Please can you clarify the next steps
  • I am looking for a lease extension on the lease on my studio flat in Babbacombe which will have 62 years unexpired lease in June. What fees do you charge for this?
  • We have seen a house for sale for £215k and we are very keen on but we've just found out that it is leasehold. There are 928 years residual lease term so a lease extension is not a concern. 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 true? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any information would be much appreciated.
  • Hello. I need a conveyancing practitioners to have a look at my lease extension ahead of it being completed just to ensure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor amendments.
  • I own a maisonnette together with the freehold. The owners of the downstairs flat have asked for a lease extension what do I need to do?
  • I'm looking for an apartment to purchase in Babbacombe and I'm not really familiar with the leasehold concept. I've identified a garden flat I like with a 90 years lease. I've read that I can go for a lease extension having owned the property for a couple of years, but:- Should I be looking for some caveats that would prevent me for getting a lease extension?
  • How much will it cost me and what is the best way to start the lease extension process? I have around fivety six years left on my lease on a maisonette in Babbacombe. I have called the agent who represent the head landlord and they provided me with the number for the valuer. I telephone the valuer but I am not receiving any kind of response.
  • We have a ground floor flat in Babbacombe with seventy nine years remaining. Last year we were quoted a deal to receive a lease extension for a further 25 years but also increase ground rent from nominal to £300 per year..plus a premium I think of approximately 9k. We have now decided to go ahead but do we now have to renegotiate?
  • I am looking to buy a one bed flat in Babbacombe for asking price of 145k, which has sixety four years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • We have a garden flat in Babbacombe with a lease of seventy three 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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    Lease Extensions in Babbacombe

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