Top Ten Questions relating to Barnstaple Lease Extensions

  • 35k agreed with the freeholder, just attempting to find a Barnstaple for a lease extension. Our flat has about fivety seven yrsremaining. How long will this take ?
  • I own a leasehold flat in the Barnstaple area and was wondering whether I could obtain a lease extension. What are your processes and charges. There are seventy nine years left
  • I have been in touch with my freeholder for a lease extension for my flat in Barnstaple. His has been in contact regarding costs etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started July 1994.
  • I am the freeholder of a Edwardian property split into two flats. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 65 years. What are my next steps?
  • My husband and I are acquiring a 2 bed flat in Barnstaple which has share of freehold and a leasehold. The lease was on the short side so the seller commenced dealing with a lease extension. The seller’s lawyer has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our to do a "priority search" on the lease. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it correct that we must hold on until the new lease is registered?
  • I own the freehold reversion of a property in Barnstaple where the leaseholder has requested a lease extension. Her valuer has suggested a figure of £9,000, but has increased this by £2,000 at the drop of a hat. My surveyor has recommended a much higher amount. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to tribunal, can I deal with this myself, just armed with the valuations I have? If not, what fee would I be likely to face?
  • I require an estimate to extend my mum’s lease on a three bed flat in Barnstaple. She already has a figure from the freeholder for a lease extension but I am far from certain if it is too expensive.
  • I am planning on refinancing my garden flat in Barnstaple and the mortgage company that I am looking to switch to requires a minimum 85 years remaining on the lease in order for them to progress matters. I have found that I currently have around 62 years on the leasehold so require some help, guidance, and some quotes to set the wheels in motion for a lease extension
  • I am currently negotiating a lease extension for my flat in Barnstaple as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • I'm looking for some advice with regard to a lease extension on my maisonette in Barnstaple. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Can you recommend a good who specialises in lease extensions?

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