Questions and Answers: Ivybridge Lease Extensions

  • I am looking to buy a studio flat in Ivybridge with a lease of fivety six years but unsure what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • I would like to know the likely financials and the optimum way to start the lease extension process? I have slightly less than 60 years remaining and I own a ground floor flat in Ivybridge.
  • We have a first floor flat in Ivybridge with 65 years unexpired. Last year we were quoted a deal to have a lease extension for a further fifty years but also uplift the ground rent from nominal to a little more..plus a premium I think of approximately 10k. Finally we have decided to go ahead but do we now have to renegotiate?
  • We have a one bedroom flat in Ivybridge. There is 81 years to run on the lease and we want a lease extension. How much does it cost on average to extend in this area by, say,thirty years
  • My husband has a share of freehold, with two other leaseholders in a building in Ivybridge. House converted into three apartments. He has a lease, which has nearly 61 years outstanding. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • We are in the throws of buying a flat (a one bedroom apartment based inIvybridge with share of freehold). Throughout our search, we were always looking at flats that had a minimum 84 years residual lease term. We found a apartment we liked and the selling agent promised us that the lease term was not an issue. Today our conveyancers advised us the lease only has fivety eight years and thus needs a lease extension. Should we walk away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I am the registered freeholder of a couple of flats. Someone has the lease on the garden flat in Ivybridge. I occupy in the upper flat. I was reviewing the title deeds recently when I noticed that my flat is leasehold. There is 61 years residual lease term. Can one do a lease extension without instructing a conveyancers?
  • I have fivety six years remaining on my lease of a ground floor flat in Ivybridge, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my ground floor flat in Ivybridge
  • I'm looking for some advice with regard to a lease extension on my one bedroom first floor purpose built maisonette in Ivybridge. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Can you recommend a good conveyancing practitioners who specialises in lease extensions?
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    Lease Extensions in Ivybridge

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