Lease Extensions in Fowey

Common questions relating to Fowey Lease Extensions

So this is the scenario: I acquired a one bedroom apartment in Fowey that I am finding difficult to sell as a result of the lease needing a lease extension. How long will it take ?

I bought a property in Fowey and it has circa fivety five years remaining. I'd like to extend the lease period

I am looking for a rough estimate of what a lease extension will cost for a flat I intend to buy. It has 77 years residual lease term.

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 928 years left so a lease extension is not a worry. 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 true? We wouldn't want to pay a mortgage for 25 years without owning the property. Any suggestions would be much appreciated.

I would like to have my residential flat leasehold extension premium valued. The flat is in Fowey, and my lease will reach 79 years this October. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the Tribunal court?

I am looking into the costs of carrying out a lease extension for my one bedroom apartment in Fowey, and would like some figures on that.

I am deliberating whether to purchase the freehold or a lease extension of my property in Fowey and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a refinance with Godiva Mortgages Ltd to free up equity. My broker handling the remortgage suggested I get two estimates : one for the lease extension and one for outright acquisition .The lease started in 1972 and since then the ground rent has been raised from £15.00 per year to £125 per year.

My mortgage provider is requesting several hundred pounds for their for a "deed of substituted security" for the lease extension for my flat in Fowey... I can find no reference of this in my mortgage booklet... is this a standard fee to pay?

I own a purpose-built flat in a small development in Fowey. The leasehold interest in the apartment on a ninety five year lease started from 11th March 1969 with a set yearly rent of 45. I wish to obtain a lease extension. Can I talk with someone to go through my options please?

I know that others in the same block previously had a lease extension, and the freeholder seemed reasonable. It therefore appears worth taking risk of avoiding a formal valuation and calculate the initial offer on on the prices by others . This would save on double valuation charges. Is this advisable?

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