Recently asked questions relating to Bude Lease Extensions
I purchased a three bedroom first floor purpose built maisonette in Bude that I now cannot sell due to the lease requiring a lease extension. Are you able to help me with this situation ?
I have a lease of fivety five years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
I would like to have my residential flat leasehold extension premium assessed. The flat is in Bude, and my lease will reach seventy one years this March. 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 am looking into the costs of carrying out a lease extension for my garden flat in Bude, and would like some figures on that.
My son has a share of freehold, with two other leaseholders in a building in Bude. House split into three flats. He has a lease, which has about 67 yrs outstanding. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
I have a freehold of a 2 bedroom flat in Bude. The leaseholders have seventy eight years on a lease and wants to purchase another 90 years. The have offered me 25k. Is this around the right price?
Just a quick question, how much does it cost for a lease extension on a residential property in Bude for a one bed flat - sec 42 having been issued?
We are hoping to buy a home (a one bedroom apartment based inBude with share of freehold). During our search, we were always looking at properties that had at least ninety years remaining. We came across a flat we liked and the estate agent assured that the lease was long albeit not specifying a number. Yesterday our advised us the lease only has 71 years and therefore needs a lease extension. Should we walk away, or should 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 the freeholder of a property in Bude and a leaseholder would like a lease extension. Her valuer has given a figure of £8,000, but has upped this to £10,000 without too much effort. My valuer has suggested a much higher amount. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to a FTT, can I handle the matter myself, just equipped with the valuations I have? If not, what fee would I be likely to face?
I am currently negotiating a lease extension for my flat in Bude 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?
Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Bude