Lease Extensions in Beaworthy

Questions and Answers: Beaworthy Lease Extensions

I bought a 2 bed flat in Beaworthy that I am now unable to sell due to the lease needing a lease extension. How long will it take ?

I bought a studio flat in Beaworthy with a leasehold unexpired of sixety six years. I am enquiring about what it will cost me to extend my lease term

I inherited a studio flat in Beaworthy. The start date for the lease was in 1991 for 99 years. Now I am wanting to extend the lease. I am in the dark about further expenses, could you tell me please how much I should expect to spend on this?

I am deliberating whether to 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 Alliance & Leicester to release of equity. The broker dealing with the remortgage suggested I get two estimates : one to extend the lease and one for the freehold acquisition .The lease began in 1991 and since then the ground rent has increased from £25.00 per annum to £200 per year.

I am concerned that my niece is being hoodwinked. She submitted an offer on a garden flat in Beaworthy, where the lease is slightly less 76 years but she was informed by the estate agents that the homeowner had extended it to 99 years. She has now been informed the vendor was waiting for her to appoint solicitors ahead of instigating the lease extension. Sounds odd to me, also it may take months to sort it all out. Am I being too sceptical?

I would like some guidance on leasehold property buying. We hope to buy a 1920s 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?

I am the freeholder of a 1930’s 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 sixety one years. What are my next steps?

If somebody owns a flat with a lease of under 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?

I am the registered freeholder to two flats. Someone has the lease on the lower flat in Beaworthy. I occupy in the upper flat. I was reviewing the title deeds last night when I noticed that my flat has a lease on it. There is sixety five years remaining. If I want to do a lease extension then would I just be paying for the charges?

I am planning on remortgaging my three bedroom ground floor purpose built flat in Beaworthy and the next lender that I am looking to switch to needs a minimum 80 years remaining on the lease in order for them to progress matters. We currently have around 59 years on the leasehold so looking for some advice, guidance, and some quotes to get the wheels in motion for a lease extension

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