Common questions relating to Buckfastleigh Lease Extensions

  • 35k agreed with the freeholder, just attempting to find a Buckfastleigh for a lease extension. Our lease has around seventy three yrsremaining. Can you please help us with this situation ?
  • I invested in buying a property in Buckfastleigh and it has about seventy two years unexpired. I'd like to arrange a lease extension by twenty years
  • I am interested in getting a lease extension for a flat in Buckfastleigh and want to use a local . Is there a that you can recommend?
  • Are you able to advise on the likely expense and the optimum way to get a lease extension started? I have nearon 65 years left and I own a one bedroom apartment in Buckfastleigh.
  • My wife and I have owned a leasehold flat for approximately eighteen years. There are 56 years remaining on the lease. Following a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to a Tribunal and would appreciate advice.
  • I own 50% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around sixety one years. I need a at my end. Can you advise please? I live near Buckfastleigh and have a mortgage with Barclays Direct.
  • I have a freehold of a three bedroom flat in Buckfastleigh. The leaseholders have sixety six years on a lease and wants to purchase another 90 years. The have offered me 19k. Is this around the right price?
  • My brother and I are in the throws of buying a flat (a one bedroom apartment based inBuckfastleigh with share of freehold). Throughout our search, we were always looking at flats that had a minimum 84 years balance left. We found a place we fell in love with and the estate agent assured that the lease was long albeit not specifying a number. Today our advised us the lease only has sixety six years and therefore needs a lease extension. Do we walk away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I am worried about seeking a lease extension from a difficult landlord. Regardless of the fact that the legal procedures were adhered to under the 1993 Act, the landlord still tried to get ground rent of £300 increasing by 100% every twenty five years of the new lease. Can you help?
  • I am currently negotiating a lease extension for my flat in Buckfastleigh 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?
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