Recently asked questions relating to Totnes Lease Extensions

  • I bought a maisonette in Totnes that I am now unable to sell due to the lease requiring a lease extension. How long will it take ?
  • I am looking for a lease extension on the lease on my maisonette in Totnes which will have 60 years remaining in August. What fees are applicable?
  • I am about to put an offer in on a studio flat in Totnes with a lease of fivety seven years but unsure what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • I am the owner of a maisonnette and the freehold. The owners of the downstairs flat have asked for a lease extension what do I need to do?
  • My solicitors (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?
  • I'm living with my mum and dad but have a maisonette in Totnes let out which has a fivety seven year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Totnes for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Should I keep or sell the flat?
  • Just been over 2 years that I have been in my one bedroom apartment in Totnes. I have 69 years outstanding on the lease. I am now wanting to buy a share of freehold or a lease extension. I purchased the property for 320K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my conveyancers about the process, he answered most of my questions but just have one left: In terms of surveyors - how do I go about finding one?
  • We have been in discussion with our freeholder after having a valuation on our one bedroom second floor purpose built flat in Totnes. We have a 78 year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount 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 solicitors to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I am planning on refinancing my 2 bed flat in Totnes and the mortgage company that I am looking to switch to needs at least 85 years on the leasehold of my property in order for them to progress matters. I have found that I currently have around 70 years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process
  • 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 Totnes
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    Lease Extensions in Totnes

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