Recently asked questions relating to Ivybridge Lease Extensions

  • I have an interest in the freehold of buildings comprising of 8 flats each. Two of the leaseholders want a lease extension and I'm wondering about the procedure for this
  • We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 899 years left so a lease extension is not an issue. 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 correct? 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 Ivybridge, and my lease will reach sixety three years this Septembmer. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • We hope to sell our GFF in Ivybridge but we may need a lease extension, or possibly cover the costs of our buyers. Can you recommend a conveyancing practitioners to help us?
  • I'm planning on buying a studio flat (leasehold) but the freeholder has been missing for nearon 15yrs. I wonder whether it will be cheaper to try to buy the freehold or to get a lease extension and apply for right to manage?
  • How much will it cost me and what is the best way to get a lease extension started? I have roughly seventy eight years remaining on my lease on a studio flat in Ivybridge. I have contacted the managing agents who act on behalf of the freeholder and they provided me with the number of the valuer. I telephone the valuer but I am not getting any kind of reaction.
  • I am thinking about purchasing an auction property and came upon a studio flat in Ivybridge. It has just fifty-one year lease..the current owner as mortgagees in possession dont want the aggravation of negotiating a lease extension..what are the drawbacks of this except for the huge fee to extend the lease and decreased chance of getting a mortgage with Norwich and Peterborough Building Society?
  • My apartment in Ivybridge is up for sale and I have a hopefully firm offer. There is 82 years left on the lease and I want a lease extension. What does it cost on average to get a lease extension by, say,45 years
  • I am looking to buy a one bed flat in Ivybridge for asking price of 125k, which has 68 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 question is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my one bedroom apartment in Ivybridge
  • Other Topics

    Lease Extensions in Ivybridge

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