Teignmouth Lease Extensions

Top Ten Questions relating to Teignmouth Lease Extensions

So this is the scenario: I own a one bedroom apartment in Teignmouth that I am finding difficult to sell due to the lease needing a lease extension. What's your solicitors fee ?

Hello, I just randomly found your website. I'm seeking prices on what it cost to extend a lease of a one bedroom first floor purpose built maisonette in Teignmouth. It's up for sale at the moment but has around 79 years of unexpired leasehold

I am fairly sure that our has advised us incorrectly concerning a lease extension and I would like to find out how to go about making a formal complaint

I am in need of a rough estimate of what a lease extension will cost for a flat I would like to buy. It has fivety six years residual lease term.

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 am considering whether to purchase the freehold or a lease extension of my property in Teignmouth and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously remortgage with The Mortgage Works to free up equity. The adviser dealing with the remortgage suggested I get two estimates : one to extend the lease and one for outright purchase .The lease started in 1972 and since then the ground rent has been raised from £25.00 per annum to £300 per year.

I am thinking about buying an auction property and identified a one bed flat in Teignmouth. It has just 50 year lease..the vendor being mortgagees in possession will not want the aggravation of negotiating a lease extension..what are the drawbacks of this except for the huge fee to put a new lease on it and reduced chance of getting a mortgage with Bank of Scotland?

We are looking to extend our lease having owned the flat for two years as of 1st March 2015. It has circa seventy years remaining currently. Hoping to get a lease extension by way of an additional 90 years as quickly and stress free as is reasonably achievable.

I am planning to get a lease extension and am wondering which step I have to do first, I have been previously told that I have to have the finances in place before I initiate the process, is this correct?

We have a one bedroom apartment in Teignmouth with a lease of 62 years left with a value of around £290000 we want to add 90 years to it, how much is that likely to cost?

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