Questions and Answers: Launceston Lease Extensions

  • I am looking for a in Launceston and they need to be on the Godiva Mortgages Ltd approved conveyancers panel as we need a lease extension and refinance at the same time. Can you recommend any please ?
  • 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 invested in buying a maisonette in Launceston. The lease started in 1998 for 99 years. Now I am wanting for a lease extension. I am unclear about further expenses, could you tell me please how much I should expect to spend on this?
  • Offer accepted on a a maisonette in Launceston, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer come through which states the lease as 85 years.We are soon to exchange contracts within a week. My question is why has this only just come to my attention by my ?
  • I own 50% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around fivety eight years. I need a at my end. Can you advise please? I live near Launceston and have a mortgage with The Mortgage Works.
  • I am the freeholder of a property in Launceston and a leaseholder would like a lease extension. Her valuer has given a figure of £8,000, but has increased this by £2,000 without too much effort. My valuer has suggested a much higher premium. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to a FTT, can I handle the matter myself, just equipped with the valuations I have? If not, what charges would I be likely to incur?
  • I'm hoping for some assistance with regard to extending the lease on my apartment. The plan is to do this sometime next year as we must move 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. Should I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?
  • I am currently in the process of refinancing my ground floor flat in Launceston and the mortgage company that I am looking to move to requires at least 85 years on the leasehold of my property in order for them to take the mortgage forward. I have discovered that I currently have around 70 years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my studio flat in Launceston
  • We have a ground floor flat in Launceston with a lease of 71 years left with a value of around £370000 we want to add 90 years to it, how much is that likely to cost?

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