Okehampton Lease Extensions

Okehampton Lease Extensions: Q and A’s

My partner agreed with the freeholder to a lease extension on our flat based in Okehampton, 19.5k for another 90yrs. How long will it take ?

My name´s Henry. I’m property hunting in Okehampton I'm seeing a one bed flat online, with around seventy nine years remaining, how much will it likely cost to get a lease extension by, say, twenty years?

We have seen a house for sale for £185,000 and we are very interested but we've just found out that it is leasehold. There are 798 years remaining so a lease extension is not a worry. 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 25 years without the house being ours. Any advice 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?

The terms for the lease on my apartment in Okehampton are 101 years from 1 Feb 1990. Can you provide me a quote to extend the lease if I give you more specifics please?

I am a landlord of a block of flats in Okehampton, and the tenants are in the process of being given lease extensions. I should hopefully get the money within a month or so. As I am not on self assessment do I write to the Inland Revenue ?

I am considering bidding for an auction property and came upon a two bed flat in Okehampton. It has just fifty year lease..the vendor as mortgagees in possession dont want to mess around with applying for a lease extension..what are the drawbacks of this other than the expensive fee to put a new lease on it and decreased chance of obtaining a mortgage with Godiva Mortgages Ltd?

If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?

I note that your website states the likely fee for dealing with a lease extension is £495. Is that the total cost excluding vat and the HMLR fee? The premium has already been agreed with the freeholder for the lease extension for my garden flat in Okehampton

I have a lease of 65 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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