Plymouth Lease Extensions: Q and A’s

  • 40k agreed with the landlord’s agents, just seeking to find a Plymouth for a lease extension. Our lease has just over fivety seven yrsoutstanding. How long will this take ?
  • Hi. I need a to have a look at my lease extension before it's completed just to make sure there's nothing that I haven't seen - it's just a surrender and regrant with a few small amendments.
  • I bought a studio flat in Plymouth. The start date for the lease was in 1991 for 99 years. Now I am wanting for a lease extension. I am unclear about additional expenses, could you tell me please how much I should expect to spend on this?
  • I will soon view a two bedroom apartment, although not exactly my perfect property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 64 years outstanding on the lease. It is also a repossession so I'm assuming that the lender will not be interested in doing a lease extension. My primary concern is would it be difficult to sell on without a lease extension?
  • I am a first time buyer of a leasehold flat in Plymouth. The lease has only 78 years left and ground rent is £75. Is it possible for the seller to serve the Initial Notice and then assign this right to me as the buyer once I complete the buying process so that I don't have to wait 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 may be possible but will it be very time costly to the homeowner? To add to the complexity it’s the case of an missing landlord, so I am not sure how does it work.
  • I am concerned that my niece is being hoodwinked. She put in an offer on a garden flat in Plymouth, where the lease is nearon 78 years but she was advised by the selling agents that the flat owner had extended it to 125 years. She has now been advised the flat owner was waiting for her to retain solicitors ahead of instigating the lease extension. Seems odd to me, also it may take a while to sort it all out. Am I reading too much into it?
  • I have a share of the freehold. There are five apartments in the block. All the leaseholders are now requiring lease extensions. What's your solicitors fee?
  • I am seeking advice as I am interested in a property that has only a sixety two year lease and therefore requires a lease extension. Is it possible for me to call someone to go through my options please?
  • I am the freeholder of a property in Plymouth and a leaseholder has requested a lease extension. Her so called valuation expert has given a figure of £9,000, but has increased this to £10,000 at the drop of a hat. My surveyor has come back with £12,520. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to a FTT, can I handle the matter myself, just equipped with the valuations I have? If not, what fee would I be likely to incur?
  • My wife and I are aware that others in the same building previously had a lease extension, and the landlord was amenable. Therefore is seems worth taking risk of avoiding a formal valuation and calculate the initial offer on previous premiums paid . This would save on double valuation fees. Would you suggest this course of action?

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