Questions and Answers: Crediton Lease Extensions

  • My name´s Noah. I’m house hunting in Crediton I'm considering offering on a garden flat online, with just under 69 years left, how much will it likely cost to get a lease extension by, say, 35 years?
  • I’m just looking for a maisonette to purchase in the Crediton area and was enquiring what the likely fees would be to extend a lease? It has fivety eight years outstanding...
  • Hi, I stumbled across your website. I'm looking for prices on what a lease extension will cost for a a property based in Crediton. It's on the market at the moment but has approximately seventy five years of unexpired leasehold
  • I acquired a garden flat in Crediton. The lease started in 2001 for 99 years. Now I am wanting to extend the lease. I am unclear about further expenses, could you tell me please how much I should expect to spend on this?
  • I have my suspicions that my niece is being hoodwinked. She submitted an offer on a garden flat in Crediton, where the lease is nearon 71 years but she was informed by the estate agents that the owner had extended it to 125 years. She has now been told the seller was waiting for her to appoint conveyancers before commencing with the lease extension. Seems odd to me, also it will take time to sort it all out. Am I reading too much into it?
  • Regarding a residence in Crediton. GFF maisonette. 70 yrs remaining. I have negotiated a lease extension price of £14k for 135yrs. Freeholder also requested Initial Notice which I think should not be necessary. Advice required.
  • I intend to buy a one bed flat in Crediton for asking price of 145k, which has sixety years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I'm living at parents but have a one bedroom apartment in Crediton let out which has a fivety eight year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Crediton for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Should I keep or sell the flat?
  • Just a quick one, how much is the premium payable for a lease extension on a residential property in Crediton for a two bed flat - sec 42 is already in place?
  • I own the freehold of a couple of flats. Someone has the lease on the ground flat in Crediton. I reside in the top flat. I was looking at the land registry documents yesterday when I noticed that my flat is leasehold. There is seventy two years remaining. If I want a lease extension then would I just be paying for the charges?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Crediton