FAQs concerning Beaworthy Lease Extensions

  • I bought a flat in Beaworthy with a leasehold unexpired nearly fivety seven years and need to extend it. Please can you clarify the next steps
  • We have seen a house for sale for £185,000 and we are very interested but we've just found out that it is leasehold. There are 798 years remaining 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 twenty years without the house being ours. Any help would be much appreciated.
  • Hi. I need a conveyancers to review my lease extension ahead of it being signed just to make sure there's nothing that I haven't seen - it's just a reissue with a few minor changes.
  • I inherited a one bedroom apartment in Beaworthy. The lease commenced in 1997 for 99 years. Now I am looking to extend the lease. I am not entirely sure about additional expenses, could you tell me please how much I should expect to spend on this?
  • I am looking to either purchase the freehold or a lease extension of my property in Beaworthy and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a get a new mortgage with Virgin Money to free up equity. The broker handling the remortgage suggested I get two quotes : one to extend the lease and one for outright acquisition .The lease started in 1972 and since then the ground rent has been raised from £38.00 per annum to £200 per year.
  • I would like some guidance 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. Is it safe to buy a leasehold house in Beaworthy area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
  • My husband has a share of freehold, with two other leaseholders in a building in Beaworthy. House split into three apartments. He has a lease, which has just under seventy two yrs remaining. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • I am the freeholder of a Victorian property split into two apartments. 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 72 years. What are my next steps?
  • I'm looking at acquiring an apartment in Beaworthy valued at £195,000 the flat has approximately 63 years unexpired on the lease. I put in an offer subject to a lease extension... .. that was back in August, expecting I'd have moved in by Christmas. The owner has just come back saying they are willing to knock £5k off if they don't have to deal with the lease extension. I'm unsure whether that's a good idea
  • We are worried about seeking a lease extension from a difficult landlord. Notwithstanding that the legal procedures were followed under the appropriate legislation, the landlord still tried to get ground rent of £250 doubling every twenty five years of the new term. Can you help?
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    Lease Extensions in Beaworthy

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