Yelverton Lease Extensions

Frequently asked questions relating to Yelverton Lease Extensions

I need to extend my current lease can you help me with that? My investigation with the Land Registry reveal that it has sixety four years balance left

I have a lease of seventy three years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?

The terms for the lease on my apartment in Yelverton are 99 years from 14 Sep 1989. Please provide me a quote to extend the lease if I give you more details please?

I am thinking about buying an auction property and identified a one bed flat in Yelverton. It only has a 48 year lease..the vendor as mortgagees in possession will not want the aggravation of negotiating a lease extension..what are the drawbacks of this other than the costly fee to put a new lease on it and reduced chance of obtaining a mortgage with Barclays ?

I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?

Just been over 2 years that I have been in my studio flat in Yelverton. I have seventy two yrs left on the lease. I am now looking either to purchase a share of freehold or a lease extension. I purchased the property for 350K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?

Although I do not need a lease extension but I do need a vesting order on a property I want to purchase in Yelverton. The house is freehold but the garden is officially leasehold, 995 year lease from 1889. Its the rear garden.

If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?

Are you able to provide an estimate to extend my mum’s lease on a three bedroom ground floor purpose built flat in Yelverton. She recently got a price from the landlord for a lease extension but I am unclear whether it is reasonable.

Do you handle lease extensions on land? (a plot of land in Yelverton with 82yrs remaining)

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