Lease Extensions in Colyton

Common questions relating to Colyton Lease Extensions

I’m thinking about a lease extension for our ground floor flat in Colyton and we don't fully comprehend the letter that we received from our freehold company. What's your solicitors fee?

I’m just looking for a one bed flat to purchase in the Colyton area and was interested in finding out how much would it cost for a lease extension? It has seventy seven years residual lease term...

I'm about to make an offer on a house in Colyton but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Aldermore giving us the mortgage now?

I have a lease of sixety seven years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?

I own a ground floor flat in Colyton. The lease started in 1997 for 99 years. Now I am wanting 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 a FTB of a leasehold flat in Colyton. The lease has just 55 years left and ground rent is £50. Is it possible for the seller to serve the Notice of Claim and then assign over the right to me as the buyer once I complete the buying process so that I don't have to wait for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the homeowner? Unfortunately the freeholder is absent, so I am not sure how this will play out.

I am looking to buy a one bed flat in Colyton for asking price of 125k, which has fivety four years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?

I have seventy seven years remaining on my lease of a ground floor flat in Colyton, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable

I am currently negotiating a lease extension for my flat in Colyton 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?

I was hoping you might be able to tell me the process of how to apply for a lease extension for my studio flat in Colyton

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