Sample questions relating to Honiton Lease Extensions

  • So this is the scenario: I am the registered owner of a garden flat in Honiton that I am finding difficult to sell as a result of the lease requiring a lease extension. Are you willing to help me with this situation ?
  • I need to extend my existing lease can you help me with that? My investigation with the Land Registry reveal that it has seventy years left
  • I plan on buying a flat based in Honiton. My offer is conditional upon a lease extension. The vendor’s has served the Section 42 Notice. 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 Halifax. Moreover, which are the following lease extension steps to complete the purchase?
  • I will soon view a one bedroom apartment, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has seventy seven years left on the lease. It is also a repo so I'm guessing that the lender will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?
  • I am looking at bidding for an auction property and identified a one bed flat in Honiton. It only has a 48 year lease..the vendor as mortgagees in possession dont want the aggravation of applying for a lease extension..what are the disadvantages of this other than the huge fee to extend the lease and decreased chance of getting a mortgage with Nationwide Building Society?
  • We have a one bedroom flat based in Honiton. There is 80 years unexpired on the lease and we want a lease extension. How much will it likely cost to extend in this area by, say,fifty years
  • I own a purpose-built apartment in a large block in Honiton. The leasehold interest in the apartment on a ninety five year lease which commenced from 1 March 1970 with a fixed ground rent of £25 per annum. I wish to obtain a lease extension. Can I call someone to discuss my options please?
  • I'm living with my mum and dad but have a ground floor flat in Honiton let out which has a sixety one 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 Honiton 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. Not sure sure whether to hold on or sell the flat?
  • Hi I own the freehold reversion in a 3 bedroom flat in Honiton. The leaseholder has a 55 year lease and would like to purchase an additional 90 years. He is offering me £18,000 but I am not sure if this is a correct amount
  • We have a studio flat in Honiton with a lease of seventy two 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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