Ottery St Mary Lease Extensions: Q and A’s

  • My name´s Liam. I’m house hunting in Ottery St Mary I'm seeing a two bedroom first floor purpose built flat online, with approximately sixety four years remaining, how much does it cost on average to extend in this area by, say, thirty years?
  • I am going to purchase a flat based in Ottery St Mary. The offer is subject to the lease extension. The seller’s has given to the freeholder 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 Norwich and Peterborough Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • We are selling our studio flat in Ottery St Mary but we may need to extend the lease, or at least cover the costs of our buyers. Can you recommend a to handle this?
  • We purchased a leasehold with a landlord who has failed to give us a counter-notice for a lease extension for our flat in Ottery St Mary and looking to do a vesting order. Is this something you can help us with?
  • In 2010 I purchased a leasehold flat in Ottery St Mary. I have built a big extension and have not informed my freeholder. What should I do?
  • I am a freeholder of a block of flats in Ottery St Mary, and the lessees are in the process of being granted lease extensions. I anticipate receiving funds within a month or so. How does the tax work, the property is in joint names with my partner ?
  • I am looking at buying an auction property and found a studio flat in Ottery St Mary. It has just 48 year lease..the current owner as mortgagees in possession dont want the aggravation of applying for a lease extension..what are the disadvantages of this other than the costly fee to extend the lease and reduced chance of getting a mortgage with National Westminster Bank?
  • I am seeking advice as I am interested in a property that has only a 60 year lease and therefore requires a lease extension. Can I talk with someone to discuss my options please?
  • Me and my sister have owned a leasehold flat for about eighteen years. It now has fivety four years remaining on the lease. Following a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to LVT and would appreciate advice.
  • I am planning on refinancing my garden flat in Ottery St Mary and the bank that I am looking to switch to requires a minimum 85 years on the leasehold of my property in order for them to progress matters. We currently have around sixety nine years on the leasehold so require some help, guidance, and some quotes to set the wheels in motion for a lease extension

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