Top Ten Questions relating to Bovey Tracey Lease Extensions

  • My name´s Oliver. I’m property hunting in Bovey Tracey I'm seeing a two bedroom first floor purpose built flat online, with just under sixety six years unexpired lease, how much will it likely cost to get a lease extension by, say, twenty years?
  • I am looking for a rough estimate of what a lease extension will cost for a flat I would like to purchase. It has 75 years unexpired.
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Bovey Tracey, and my lease will reach seventy four years this April. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • I own a one bedroom apartment in Bovey Tracey. The start date for the lease was in 1998 for 99 years. Now I am looking for a lease extension. I am unclear about additional expenses, could you tell me please how much I should expect to spend on this?
  • I am going to purchase a flat located in Bovey Tracey. My offer is conditional upon a lease extension. The owner’s conveyancers has given to the freeholder the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Aldermore. Moreover, which are the following lease extension steps to complete the purchase?
  • We bought a leasehold with a freeholder who has not given us a counter-notice for a lease extension for our flat in Bovey Tracey and are therefore thinking about the option of a vesting order. Is this something you can help us with?
  • Last year I purchased a leasehold flat in Bovey Tracey. I have built a huge extension and have not informed my freeholder. What are my options?
  • My mortgage lender is requesting several hundred pounds for their lawyers to agree a lease extension for my flat in Bovey Tracey... I am unable to find any reference of this in my mortgage guide... is this a standard charge?
  • I am currently negotiating a lease extension for my flat in Bovey Tracey as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • Do you handle lease extensions on land? (a plot of land in Bovey Tracey with 82yrs remaining)
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    Lease Extensions in Bovey Tracey

    Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Bovey Tracey