Frequently asked questions relating to Bideford Lease Extensions

  • So this is the scenario: I acquired a three bedroom second floor purpose built flat in Bideford that I am finding difficult to sell due to the lease requiring a lease extension. How long will it take ?
  • I am interested in getting a lease extension for a flat in Bideford and want to use a local lawyers. Is there a solicitors that you can recommend?
  • I invested in buying a one bedroom apartment in Bideford. The start date for the lease was in 1992 for 99 years. Now I am looking to extend the lease. I am in the dark about additional expenses, could you tell me please how much I should expect to spend on this?
  • I'm considering purchasing a garden flat (leasehold) but the freeholder has been absent for slightly less than 15yrs. My question is would it be cheaper to try to buy the freehold or to get a lease extension and apply for RTM?
  • 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 £4k to extend the lease. I plan to simultaneously get a new mortgage with Nottingham Building Society to release of equity. My adviser dealing with the remortgage suggested I get two estimates : one for the lease extension and one for the freehold acquisition .The lease commenced in 1981 and since then the ground rent has increased from £38.00 per year to £300 per year.
  • I am about to view a two bedroom maisonette, although not exactly my perfect property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has 74 years outstanding on the lease. It is also a repossession so I'm guessing that the lender will not be interested in extending the lease. My main concern is would the short lease make it difficult to secure a mortgage?
  • I am a freeholder of a block of flats in Bideford, and the lessees are in the process of being given lease extensions. I anticipate receiving the money within a month or so. As I am not on self assessment do I get in touch with HMRC ?
  • Regarding a leasehold in Bideford. lower maisonette. sixety nine yrs unexpired. I have an agreed lease extension to £14k for 115yrs. Freeholder also insisted on Notice of Claim which I think is a tad over the top. Can you assist.
  • I own a share of the freehold. There are five flats in the building. All the leaseholders are now looking for lease extensions. What's your legal fee?
  • My lawyers (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
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    Lease Extensions in Bideford

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