Questions and Answers: Bideford Lease Extensions

  • I inherited a flat in Bideford with a leasehold unexpired about seventy three years and need to extend it. Please can you advise me of the next steps
  • I am looking for a lease extension on the lease on my garden flat in Bideford which will have 60 years unexpired lease in November. What fees apply?
  • The terms for the lease on my flat in Bideford are 99 years from 12 Jan 1988. Please provide me a quote to extend the lease if I give you more information please?
  • I bought a one bedroom apartment in Bideford. I am looking for a lease extension on the property. It is circa eighty years. I would just like to know what your charges are and how long it would take for completion.
  • I am considering whether to purchase the freehold or a lease extension of my property in Bideford and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously get a new mortgage with Halifax to release of equity. The broker handling the remortgage suggested I get two quotes : one for the lease extension and one for outright purchase .The lease began in 1972 and since then the ground rent has increased from £15.00 per year to £100 per year.
  • What will I need to spend and what is the best way to get a lease extension started? I have slightly more than fivety four years remaining on my lease on a one bedroom apartment in Bideford. I have contacted the agent who act on behalf of the freeholder and they sent me the number for the surveyor. I have contacted the surveyor but I am not getting any returned calls.
  • I'm living with my parents but have a maisonette in Bideford let out which has a sixety three year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Bideford for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Not sure sure whether to hold on or sell the flat?
  • Coming up to 2 years that I have owned my one bedroom apartment in Bideford. I have sixety nine years left on the lease. I am now wanting to buy a share of freehold or a lease extension. I purchased the property for 320K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my conveyancing practitioners about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?
  • Just a quick one, how much are the legal fees for a lease extension on a residential property in Bideford for a one bed flat - sec 42 having been issued?
  • I am the registered freeholder of a couple of flats. Someone has the lease on the garden flat in Bideford. I reside in the upper flat. I was looking at the title deeds yesterday when I noticed that my flat has a lease on it. There is seventy six years left. Can one carry out a lease extension without instructing a property lawyers?
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    Lease Extensions in Bideford

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