Top Ten Questions relating to Okehampton Lease Extensions

  • I have shares in the freehold of 2 blocks of flats comprising of seven flats each. Two of the leasehold owners want a lease extension and I'm wondering about the procedure for this
  • I'm wanting to make an offer on a house in Okehampton but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Aldermore giving us the mortgage now?
  • I own a maisonette in Okehampton. The start date for the lease was in 2001 for 99 years. Now I am looking to extend the lease. I am uncertain about further expenses, could you tell me please how much I should expect to spend on this?
  • We are looking to extend our lease. We will have been in the flat for 2 years as of 6th March 2016. It has roughly 65 years remaining currently. Hoping to get a lease extension with a further 90 years as expeditiously and stress free as is reasonably achievable.
  • I am looking to buy a one bed flat in Okehampton for asking price of 156k, which has sixety seven 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 query is: If the freeholder 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?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • I am the freeholder of a property in Okehampton and a leaseholder has requested a lease extension. Her so called valuation expert has provided a figure of £8,000, but has increased this by £2,000 without too much effort. My surveyor has come back with £12,520. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to tribunal, can I deal with this myself, just equipped with the valuations I have? If not, what fee would I be likely to incur?
  • My wife and I are worried about getting a lease extension from an objectionable landlord. Regardless of the fact that the correct procedures were adhered to under the appropriate legislation, the freeholder still attempted to charge ground rent of £200 increasing by 100% every 25 years of the new lease. Can you assist?
  • I am currently in the process of remortgaging my garden flat in Okehampton and the mortgage company that I am looking to switch to needs a minimum 80 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 nine years on the leasehold so looking for some advice, guidance, and some quotes to get the wheels in motion for a lease extension
  • I have a lease of 70 years remaining on my flat in Okehampton. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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