Lease Extensions in Plymouth

Top Ten Questions relating to Plymouth Lease Extensions

I am the registered owner of a ground floor flat in Plymouth that I now cannot sell as a result of the lease needing a lease extension. How long will it take ?

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?

I would like to have my residential flat leasehold extension premium valued. The flat is in Plymouth, and my lease will reach seventy eight years this December. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?

I am a FTB of a leasehold flat in Plymouth. The lease has only 71 years unexpired and ground rent is £50. Is it possible for the seller to serve the Section 42 Notice and then transfer this right to me as the purchaser on the day of completion so that I can avoid waiting for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time consuming to the owner? Unfortunately the freeholder is absent, so I am not sure how does it work.

I am considering buying an auction property and came upon a two bed flat in Plymouth. It has just fifty year lease..the current owner being mortgagees in possession dont want the aggravation of negotiating a lease extension..what are the drawbacks of this other than the costly fee to extend the lease and reduced chance of obtaining a mortgage with Birmingham Midshires?

Me and my OH are considering buying a one bedroom apartment in Plymouth which is a leasehold. I am wanting to weigh up the pros and cons of that - what happens when lease expires, how much it costs to extend it, can the freeholder of the property evict me from my own flat and prevent me from having a lease extension?

I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?

I am looking for advice as I am interested in a property that has only a sixety one year lease and therefore requires a lease extension. Can I talk with someone to discuss my options please?

I'm hoping for some help with regard to extending the lease on my maisonette. I'll be looking to do this next June as we must move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

My brother is concerned about getting a lease extension from tricky freeholder. Regardless of the fact that the correct procedures were adhered to under the appropriate legislation, the landlord still tried to charge ground rent of £200 doubling every 25 years of the new term. Can you assist?

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