Torquay Lease Extensions: Q and A’s

  • I need to negotiate a lease extension for a flat in Torquay and want to use a local . Is there a that you can recommend?
  • We have seen a house for sale for £195k and we are very keen on but we've just found out that it is leasehold. There are 899 years balance left so a lease extension is not a worry. 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 true? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any advice would be much appreciated.
  • Hello. I need someone to review my lease extension ahead of it being completed just to ensure there's nothing that I haven't seen - it's just a reissue with a few small amendments.
  • 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 thinking about whether to purchase the freehold or a lease extension of my property in Torquay and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a remortgage with Coventry Building Society to free up equity. The adviser dealing with the remortgage suggested I get two quotes : one for the lease extension and one for outright purchase .The lease commenced in 1972 and since then the ground rent has been raised from £15.00 per year to £100 per annum.
  • Last year I purchased a leasehold flat in Torquay. I have built a huge extension and have not informed my leaseholder. What are my options?
  • I intend to buy a one bed flat in Torquay for asking price of 145k, which has 72 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I own 60% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around fivety five years. I need a at my end. Can you advise please? I live near Torquay and have a mortgage with Aldermore.
  • Are you able to provide an estimate to extend my aunt’s lease on a garden flat in Torquay. She already has a price from the freeholder for a lease extension but I am far from certain if it is too high.
  • We have a maisonette in Torquay with a lease of 78 years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?

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