Questions and Answers: Barnstaple Lease Extensions

  • I have got a leasehold flat in the Barnstaple area and was wondering if I could get a lease extension. What are your processes and charges. There are seventy four years outstanding
  • I'm wanting to make an offer on a house in Barnstaple but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Chelsea Building Society giving us the mortgage now?
  • I am looking for a conveyancing practitioners in Barnstaple and they should be on the Nottingham Building Society approved conveyancers panel as we need a lease extension and refinance at the same time. Can you recommend any please ?
  • I am going to purchase a flat based in Barnstaple. My offer is conditional upon a lease extension. The owner’s solicitors has served the Section 42 Notice. 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 Britannia. Moreover, which are the following lease extension steps to complete the purchase?
  • I bought a studio flat in Barnstaple. I am looking to extend lease on the property. It is nearon eighty one years. I would just like to know what your charges are and how long the process takes.
  • Regarding a property in Barnstaple. upper maisonette. 65 yrs unexpired. I have an agreed lease extension to £14k for 125yrs. Freeholder also requested Initial Notice which I think should not be necessary. Advice required.
  • I am looking to buy a one bed flat in Barnstaple for asking price of 145k, which has seventy one 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 query 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 seeking advice as I am interested in a property that has only a seventy six year lease and therefore requires a lease extension. Can I call someone to discuss my options please?
  • I would like some advice on purchasing a leasehold residence. We plan to buy a link detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Barnstaple area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
  • I'm looking at buying an apartment in Barnstaple valued at £195,000 the flat has approximately sixety one years remaining on the lease. My offer was conditional upon the lease being extended... .. that was back in August, expecting I'd be in before Christmas. They have just informed me they'll knock £4k off if they don't have to deal with the lease extension. I'm unsure if I should take them up on the offer
  • Other Topics

    Lease Extensions in Barnstaple

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