Questions and Answers: Teignmouth Lease Extensions

  • My name´s Jake. I’m flat hunting in Teignmouth I'm deliberating offering on a garden flat online, with circa sixety four years remaining, how much will it likely cost to extend in this location by, say, fifty years?
  • I am looking to extend the lease on my garden flat in Teignmouth which will have 67 years unexpired lease in June. What fees do you charge for this?
  • I'm wanting to make an offer on a house in Teignmouth but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Platform Home Loans Ltd giving us the mortgage now?
  • I am going to purchase a flat located in Teignmouth. My offer is subject to the lease extension. The homeowner’s has given to the freeholder the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender The Royal Bank of Scotland. Moreover, which are the following lease extension steps to complete the purchase?
  • I'm planning on buying a one bedroom apartment (leasehold) but the freeholder has been missing for roughly 15yrs. I wonder whether it will be less expensive to try to buy the freehold or to extend lease and apply for RTM?
  • The terms for the lease on my apartment in Teignmouth are 101 years from 12 Jan 1990. Please supply me me a quote for a lease extension if I give you more specifics please?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • We have owned a leasehold flat for about fifteen years. There are 71 years unexpired lease on the lease. After a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to LVT and would welcome advice.
  • I own 70% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around sixety five years. I need a at my end. Can you advise please? I live near Teignmouth and have a mortgage with Halifax.
  • We are concerned about obtaining a lease extension from a difficult landlord. Regardless of the fact that the legal procedures were adhered to under the appropriate legislation, the freeholder still tried to charge ground rent of £200 increasing by 100% every twenty years of the new term. Can you assist?

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