Common questions relating to Plympton Lease Extensions

  • I have contacted my freeholder for a lease extension for my flat in Plympton. His has been in contact with charges etc. I need an estimate for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started April 1992.
  • We are selling our garden flat in Plympton but we may require a lease extension, or at least cover the expense of our purchaser. Are you able to help me find someone to assist?
  • Is it possible to talk with you about an apartment in Plympton, I am considering buying at auction in the next few days. The flat has a short lease and I am curious about what it would cost to get a lease extension and for your services.
  • I am considering purchasing an auction property and identified a two bed flat in Plympton. It has just fifty-one year lease..the current owner being mortgagees in possession will not want the aggravation of applying for a lease extension..what are the disadvantages of this other than the huge fee to extend the lease and reduced chance of getting a mortgage with Barclays ?
  • My wife and I have a ground floor flat in Plympton with 77 years to run. Ten months ago we were quoted a deal to grant a lease extension for a further fifty years but also uplift the ground rent from notional to £300 per annum..plus a premium I think of about 14k. We have now decided to go ahead but do we now have to start the negotiations again?
  • I am planning to get a lease extension and am wondering what step I have to do first, I have been previously told that I have to have the finances in place before I set the ball rolling, is this correct?
  • My brother and I are buying a garden flat in Plympton which has share of freehold and a leasehold. The lease was starting to get low so the owner commenced extending the lease. The owner has submitted the lease extension paperwork to HMLR. An essential part of the house buying process is for our to do a "priority search" on the property title. The concern here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it right that we have to be patient pending registration of the new lease?
  • I'm seeking some advice with regard to extending the lease on my flat. The plan is to do this sometime next year as we need to 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 LVT route. Should I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?
  • I am currently negotiating a lease extension for my flat in Plympton as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • We have a ground floor flat in Plympton with a lease of fivety eight years left with a value of around £410000 we want to add 90 years to it, how much is that likely to cost?

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