Frequently asked questions relating to Plymstock Lease Extensions

  • Hi. I need someone 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 minor changes.
  • I bought a one bedroom apartment in Plymstock. The start date for the lease was in 1998 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'm considering purchasing a garden flat (leasehold) but the landlord has been absent for circa 15yrs. My question is would it be less expensive to try to acquire the reversionary title or to get a lease extension and apply for RTM?
  • I am a landlord of a block of flats in Plymstock, and the tenants are in the process of being given lease extensions. I anticipate receiving funds next week. Are there any tax implications, the property is in joint names with my husband ?
  • I am thinking about acquiring an auction property and found a two bed flat in Plymstock. It has just fifty-one year lease..the vendor as mortgagees in possession dont want to mess around with negotiating a lease extension..what are the drawbacks of this except for the expensive fee to put a new lease on it and decreased chance of obtaining a mortgage with National Westminster Bank?
  • We have a residential flat in Plymstock with seventy eight years left. Ten months ago we were quoted a deal to grant a lease extension for another fifty years but also uplift the ground rent from notional to £200 per annum..plus a premium I think of approximately 16k. We have now decided to proceed but do we now have to start the negotiations again?
  • My son has a share of freehold, with two other leaseholders in a building in Plymstock. House converted into three flats. He has a lease, which has nearon seventy two yrs left. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • My OH and I are hoping to acquire a property (a ground floor flat inPlymstock with share of freehold). During our search, we were always looking at apartments that had a minimum eighty five years left. We came across a apartment we liked and the selling agent assured that the lease term was not an issue. This morning our informed us the lease only has sixety three years and thus needs a lease extension. Should we walk away, or should we negotiate our offer?
  • We currently own a garden flat in Plymstock and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has sixety two years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Do you have some advice on this? Should I contact the freeholder first and will they be able to give me a cost?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my garden flat in Plymstock

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