Questions and Answers: Tavistock Lease Extensions

  • We have seen a house for sale for £215k and we are very interested but we've just discovered that it is leasehold. There are 899 years remaining so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any guidance would be much appreciated.
  • I am looking for a in Tavistock and they should be on the The Royal Bank of Scotland approved conveyancers panel as we need a lease extension and remortgage at the same time. Can you recommend any please ?
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Tavistock, and my lease will reach sixety eight years this October. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • Think I may have made a mistake, I am searching for a in Tavistock who has Leasehold Tribunal expertise when it comes to lease extensions. Is this something you can help me with?
  • I an interested in finding out more about leasehold property buying. We intend to buy a link detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Tavistock area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?
  • We have owned a leasehold flat for around eighteen years. There are 55 years unexpired lease on the lease. After a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to LVT and would welcome some independent thoughts.
  • I own 50% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 60 years. I need a at my end. Can you advise please? I live near Tavistock and have a mortgage with Nationwide Building Society.
  • My husband and I have been in discussion with our freeholder after having a valuation on our one bedroom apartment in Tavistock. We have a 69 year lease and we wish to increase this to 99. The Freeholder has given us with a financial figure that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • My wife and I are in the throws of buying a home (a ground floor flat inTavistock with share of freehold). During our search, we were always looking at flats that had at least ninety years residual lease term. 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 77 years and therefore requires a lease extension. Should we walk away, or should we reduce our offer?
  • I own the freehold reversion of a property in Tavistock and a leaseholder has requested a lease extension. Her so called valuation expert has provided a figure of £9,000, but has increased this to £10,000 without too much effort. 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 armed with the valuations I have? If not, what costs would I be likely to incur?

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