FAQs concerning Exminster Lease Extensions

  • I’m seeking a lease extension for our apartment located in Exminster and we don't fully comprehend the letter that we got from our freehold company. Are you able to help us with this situation?
  • Do you only do lease extensions in Exminster? I own a flat in Abbey Wood with 90 years left, I am looking for a quote from a .
  • I am considering whether to purchase the freehold or a lease extension of my property in Exminster and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a get a new mortgage with The Royal Bank of Scotland to release of equity. My adviser handling the remortgage suggested I get two quotes : one for the lease extension and one for outright purchase .The lease started in 1991 and since then the ground rent has increased from £25.00 per annum to £100 per annum.
  • I'm looking for a flat to buy in Exminster and I'm not really familiar with the leasehold tenure. I've identified a garden flat I like with a 90 years lease. My research reveals that I can apply for a lease extension having owned the property for 2 years, but:- Should I be looking for some conditions that would prevent me for getting a lease extension?
  • Regarding a property in Exminster. upper maisonette. seventy three yrs left. I have an agreed lease extension to £12,000 for 115yrs. Landlord also requested Notice of Claim which I think is a tad over the top. Advice required.
  • I am looking to buy a one bed flat in Exminster for asking price of 125k, which has seventy four 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 query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • I would like some advice on purchasing a leasehold residence. We are going to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Exminster area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
  • I'm intent on purchasing a flat in Exminster at a price of £210,000 the flat has approximately 61 years unexpired on the lease. My offer was subject to a lease extension... .. that was back in June, hoping I'd be in by now. They have just come back saying they are willing to reduce the price by£8k if they don't have to deal with the lease extension. I'm not sure if I should take them up on the offer
  • I am the freeholder of a property in Exminster and a leaseholder would like a lease extension. Her valuer has given a figure of £8,000, but has increased this to £10,000 without too much effort. My surveyor has come back with £12,520. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to tribunal, can I handle the matter myself, just armed with the valuations I have? If not, what fee would I be likely to incur?

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