Exeter Lease Extensions: Q and A’s

  • My name´s Benjamin. I’m property hunting in Exeter I'm seeing a ground floor flat online, with around 79 years remaining, how much will it likely cost to get a lease extension by, say, thirty years?
  • I have an interest in the freehold of buildings comprising of six flats each. 2 of the leaseholders want to extend their leases and I'm wondering about the procedure for this
  • I need to extend my existing lease can you help me with that? My investigation with the Land Registry reveal that it has 74 years balance left
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Exeter, and my lease will reach 67 years this August. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • I inherited a maisonette in Exeter. The lease commenced in 1997 for 99 years. Now I am looking 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 plan on buying a flat based in Exeter. My offer is conditional upon a lease extension. The vendor’s conveyancing practitioners has given to the freeholder the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Aldermore. Moreover, which are the following lease extension steps to complete the purchase?
  • We invested in buying a leasehold with a landlord who has failed to give us a counter-notice for a lease extension for our flat in Exeter and are therefore considering the option of a vesting order. Is this something you can do for us?
  • I'm looking for a flat to purchase in Exeter and I'm not really familiar with the leasehold title. I've identified a one bedroom apartment I like with a 90 years lease. My research reveals that I can go for a lease extension having owned the property for 2 years, but:- Should I anticipate any issue with the mortgage?
  • Me and my partner are hoping to purchase a property (a maisonette located inExeter with share of freehold). During our search, we were always looking at flats that had at least 83 years residual lease term. We came across a flat we liked and the selling agent assured that the lease was long albeit not specifying a number. Yesterday our solicitors told us the lease only has 56 years and thus needs a lease extension. Should we run away, or should we reduce our offer?
  • We have a one bedroom apartment in Exeter with a lease of sixety nine years left with a value of around £370000 we want to add 125 years to it, how much is that likely to cost?
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    Lease Extensions in Exeter

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