North Plymouth Lease Extensions: Q and A’s

  • I want to buy a leasehold property and extend the lease. The seller has been there for three 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 ?
  • We have seen a house for sale for £215k and we are very interested but we've just found out that it is leasehold. There are 798 years residual lease term 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 correct? We wouldn't want to pay a mortgage for twenty years without owning the property. Any information would be much appreciated.
  • I am looking to purchase a maisonette in North Plymouth with a lease of 71 years but unsure how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • Possibly made a mistake, I am seeking a in North Plymouth who has Leasehold Tribunal expertise when it comes to lease extensions. Are you able to assist me with?
  • The terms for the lease on my flat in North Plymouth are 99 years from 10 Feb 1990. Can you provide me a quote for a lease extension if I give you more details please?
  • I need to talk to you about a flat in North Plymouth, I am considering buying at auction in the next few days. The flat has a short lease and I wanted to inquire about how much it would cost to get a lease extension and for your services.
  • I am a FTB of a leasehold flat in North Plymouth. The lease has just fivety eight years balance left and ground rent is £75. Is it possible for the homeowner to serve the Notice of Claim and then assign over the right to me as the buyer on the day of completion so that I don't have to wait for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the homeowner? Unfortunately it’s the case of an absent freeholder, so I am not sure how does it work.
  • Me and my OH would like to know the cost of a lease extension valuation for a property based in North Plymouth. Would you be able to help?
  • I'm living at parents but have a garden flat in North Plymouth let out which has a sixety year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in North Plymouth for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Not sure sure whether to hold on or sell the flat?
  • I am currently in the process of refinancing my three bed flat in North Plymouth and the next lender that I am looking to switch to needs 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 seventy seven years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process

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