Frequently asked questions relating to Camelford Lease Extensions

  • I’m seeking a lease extension for our ground floor flat based in Camelford and we don't fully understand the letter that we got from our landlord company. How long will it take?
  • I am looking into the costs of carrying out a lease extension for my garden flat in Camelford, and would like some figures on that.
  • I am a freeholder of a block of flats in Camelford, and the leaseholders are in the process of being granted lease extensions. I anticipate receiving the money next week. As I am not on self assessment do I get in touch with the Inland Revenue ?
  • My fiance and I are considering buying a two bedroom ground floor purpose built maisonette in Camelford which is a leasehold. I am wondering what are the advantages and disadvantages of that - what occurs when lease ends, how much it costs to extend it, can the freeholder of the property evict me from my own flat and block me from extending the lease?
  • We had entered into a purchase of a three bedroom ground floor purpose built flat in Camelford. I was advised by the EA that the lease extension had already been completed while on a viewing (64 years left prior to extension). The description on the listing stated "sold with a long lease". It transpires at the point of exchange of contracts we find that there has been no lease extension. The homeowner supposedly has a quote but no finances to extend and consequently the homeowner intends to exchange and use the my deposit to extend the lease. My question is as the lease hasn't been extended is there not a danger that Virgin Money won't lend on a lease?
  • My brother and I have owned a leasehold flat for approximately eighteen years. There are seventy eight years left on the lease. After a year of protracted negotiations through my conveyancers 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 welcome some independent thoughts.
  • I do not need a lease extension but I do need a vesting order on a property I want to purchase in Camelford. The house is freehold but the garden is officially leasehold, 1000 year lease from 1889. Its the rear garden.
  • Me and my sister are in the throws of buying a property (a one bed flat inCamelford with share of freehold). Throughout our search, we were always looking at flats that had a minimum 83 years unexpired. We came across a flat we fell in love with and the estate agent promised us that the lease term was not an issue. Yesterday our property lawyers told us the lease only has 56 years and therefore needs a lease extension. Should we run 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?
  • We currently own a ground floor flat in Camelford and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 62 years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Do you have some advice on this? Do I contact the freeholder first and will they be able to give me a cost?
  • I'm looking for some advice with regard to a lease extension on my three bedroom second floor purpose built maisonette in Camelford. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
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    Lease Extensions in Camelford

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