Lease Extensions in Colyton

Sample questions relating to Colyton Lease Extensions

My name´s Finn. I’m house hunting in Colyton I'm seeing a garden flat online, with nearon seventy five years outstanding, how much does it cost on average to extend in this area by, say, thirty years?

We have seen a house for sale for £215k and we are very interested but we've just discovered that it is leasehold. There are 798 years residual lease term so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any guidance would be much appreciated.

This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?

I am looking at buying an auction property and came upon a one bed flat in Colyton. It has just 41 year lease..the seller being mortgagees in possession will not want to mess around with negotiating a lease extension..what are the disadvantages of this other than the huge fee to extend the lease and reduced chance of obtaining a mortgage with The Royal Bank of Scotland?

I own a share of the freehold. There are three apartments in the block. All the leaseholders are now seeking lease extensions. What's your legal fee?

We are looking to extend our lease having owned the apartment for two years as of 1st April 2016. It has circa fivety eight years remaining currently. Hoping to get a lease extension by another 90 years as expeditiously and stress free as possible.

I am in need of a lease extension for my flat in Colyton and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?

I am looking to buy a one bed flat in Colyton for asking price of 156k, which has seventy 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 landlord 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?

Me and my fiance have been in discussion with our freeholder after having a valuation on our 2 bed flat in Colyton. We have a 57 year lease and we wish to increase this to 99. The Freeholder has given us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.

Do you handle lease extensions on land? (a plot of land in Colyton with 82yrs remaining)

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