Mousehole Lease Extensions: Q and A’s

  • So this is the scenario: I acquired a 2 bed apartment in Mousehole that I am now unable to sell due to the lease needing a lease extension. Are you willing to help me with this situation ?
  • My partner has an apartment in Mousehole which we are about to put on the market. The leasehold has circa sixety eight years left on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Thank you.
  • I want to acquire a leasehold property and extend the lease. The vendor has been there over 2 years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I plan on buying a flat located in Mousehole. The offer is subject to the lease extension. The owner’s has served the Notice of Claim. 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 Coventry Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I own a share of the freehold. There are four flats in the house. All the leaseholders are now looking for lease extensions. How long will take to get a lease extension?
  • Me and my OH had entered into a purchase of a garden flat in Mousehole. I was advised by the EA that the lease extension had already been completed while on a viewing (76 years unexpired lease prior to extension). The sales particulars said "sold with a long lease". It transpires as we are about to exchange of contracts we find that there has been no lease extension. The seller supposedly has a quote but no money to extend as a result the flat owner intends to exchange and use the 10% deposit to extend the lease. My question is is it not odd that my didn't pick this up far earlier than just before exchange?
  • I have a leasehold property in Mousehole with fivety five years remaining on the lease. I need a to act for me to obtain a lease extension. Can you assist?
  • I own the freehold reversion of a property in Mousehole and a leaseholder has requested a lease extension. Her valuer has provided a figure of £8,000, but has increased this to £10,000 without too much effort. My surveyor has come back with £12,520. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to a FTT, can I deal with this myself, just equipped with the valuations I have? If not, what costs would I be likely to incur?
  • We currently own a ground floor flat in Mousehole and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has sixety years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Can you offer some advice on this? Should I contact the landlord first and will they be able to give me a cost?
  • I am currently negotiating a lease extension for my flat in Mousehole as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

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