Frequently asked questions relating to Dulverton Lease Extensions

  • I’m about to offer on a maisonette to buy in the Dulverton area and was curious what the likely fees would be for a lease extension? It has seventy two years remaining...
  • 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 have a leasehold flat in Dulverton. I have built a huge extension and have not informed my freeholder. What are my options?
  • I will soon view a one bedroom flat, although not exactly my perfect property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has sixety three years outstanding on the lease. It is also a repossession so I'm guessing that the bank will not be interested in doing a lease extension. My primary concern is would it be difficult to sell on without a lease extension?
  • My leasehold flat in Dulverton is up for sale and I have a hopefully firm offer. There is 79 years left on the lease and I want a lease extension. How much will it likely cost to extend in this location by, say,45 years
  • Offer accepted on a a one bedroom apartment in Dulverton, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer come through which states the lease as eighty years.Contracts were due to be exchanged in a couple of days. My query is how is possible that the estate agent got it so wrong?
  • I'm intent on buying a flat in Dulverton valued at £256,000 the flat has approaching seventy six years unexpired on the lease. I put in an offer conditional upon the lease being renewed... .. that was back in June, hoping I'd be in before now. They have just informed me that they are prepared to knock £5k off if I deal with the lease extension myself. I'm unsure whether that's a good idea
  • My fiance and I are buying a maisonette in Dulverton which has share of freehold and a leasehold. The lease was starting to get low so the seller commenced extending the lease. The owner has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our to do a "priority search" on the lease. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number is not known. Is it correct that we have to wait until the new lease is registered?
  • My mum knows that others in the same building had already had a lease extension, and the landlord seemed amenable. Therefore is seems worth taking risk of avoiding a formal valuation and base the initial offer on previous premiums paid . This would save on double valuation fees. Is this advisable?
  • I am currently negotiating a lease extension for my flat in Dulverton 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 Dulverton