FAQs concerning Bideford Lease Extensions

  • I am looking at investing in a holiday home but it has a lease that expires in 14 years. Its in Bideford - I wanted to see if with your services it is possible for this to be extended?
  • 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 required. 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 correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any guidance would be much appreciated.
  • I am looking to buy a studio flat in Bideford with a lease of seventy two years but not sure how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Bideford, and my lease will reach sixety five years this March. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the Tribunal court?
  • My co-lessees and I are in a building consisting of five flats in Bideford and have been offered to buy the freehold for £5000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I am about to view a one bedroom apartment, although not exactly my perfect property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has fivety four years outstanding on the lease. It is also a repossession so I'm assuming that the bank will not be interested in extending the lease. My main concern is would the short lease make it difficult to secure a mortgage?
  • We would like to extend our lease. We will have been in the place for 2 years as of 21st May 2016. It has nearly seventy one years remaining currently. Hoping to get a lease extension by another 90 years as expeditiously and stress free as is reasonably achievable.
  • I own 50% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 74 years. I need a at my end. Can you advise please? I live near Bideford and have a mortgage with Halifax.
  • If a leaseholder 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 extending the lease?
  • My brother and I have been in discussion with our freeholder after having a valuation on our three bedroom second floor purpose built maisonette in Bideford. We have a 79 year lease and we wish to increase this to 99. The Freeholder has given us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.

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