Ivybridge Lease Extensions

Recently asked questions relating to Ivybridge Lease Extensions

We have seen a house for sale for £185,000 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 concern. 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 twenty years without the house being ours. Any guidance would be much appreciated.

This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?

I purchased a maisonette in Ivybridge. The lease commenced in 1992 for 99 years. Now I am wanting to extend the lease. I am not entirely sure about further expenses, could you tell me please how much I should expect to spend on this?

I acquired a garden flat in Ivybridge. I am looking for a lease extension on the property. It is nearon eighty years. I would just like to know what your charges are and how long it would take for completion.

Me and my partner are considering buying a 2 bed flat in Ivybridge which is a leasehold. I am wondering what are the advantages and disadvantages of that - what occurs when lease ends, how much it costs to extend it, can the freeholder of the land evict me from my own flat and block me from extending the lease?

My father has a share of freehold, with two other leaseholders in a building in Ivybridge. House split into three apartments. He has a lease, which has about sixety one yrs outstanding. How much would it cost for a lease extension and how many years would he need to extend by?

Me and my fiance have been in discussion with our freeholder after having a valuation on our studio flat in Ivybridge. We have a 75 year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.

It says on your website the anticipated fee to extend a lease is £495. Is that the all inclusive cost excluding vat and the HMLR fee? The price has already been negotiated with the freeholder for the lease extension for my maisonette in Ivybridge

I own the freehold of a couple of flats. Someone has the lease on the lower flat in Ivybridge. I occupy in the upper flat. I was looking at the land registry documents recently when I noticed that my flat is leasehold. There is fivety eight years left on the lease. If I want to do a lease extension then would I simply be paying for the fees?

My and my partner know that others in the same block had already 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 previous prices . This would save on double valuation charges. Would you suggest such a course of action?

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