Yelverton Lease Extensions

Common questions relating to Yelverton Lease Extensions

Hello, I just randomly found your website. I'm looking for prices on what it cost to extend a lease of a studio flat based in Yelverton. It's on sale at the moment but has nearon 64 years remaining on the lease

I own a leasehold flat in the Yelverton area and was enquiring if I could get a lease extension. What are your processes and charges. Has seventy eight years remaining

I am looking at investing in a second home but it has a lease that expires in fifteen years. Its in Yelverton - I wanted to see if with your services it is possible for this to be extended?

I am going to purchase a flat in Yelverton. The offer is conditional upon a lease extension. The current owner’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 looking for an apartment to buy in Yelverton and I'm not really familiar with the leasehold arrangement. I've identified a place I like with a 90 years lease. I've read that I can apply for a lease extension having owned the property for 2 years, but:- Is this a given?

My mortgage provider requires a £600 fee for their for a "deed of substituted security" for the lease extension for my flat in Yelverton... I am unable to find any mention of this in my mortgage literature... is this a usual cost that they charge?

Offer accepted on a a one bedroom apartment in Yelverton, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer sent through which states the lease as 82 years.Contracts were due to be exchanged in a couple of days. My question is why has this only just come to my attention by my ?

If somebody 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 extending the lease?

Are you able to provide an estimate to extend my mum’s lease on a three bed flat in Yelverton. She already has a price from the landlord for a lease extension but I am far from certain if it is too high.

I am planning on remortgaging my maisonette in Yelverton and the next lender that I am looking to switch to requires a minimum 80 years on the leasehold of my property in order for them to progress matters. I have found that I currently have around 58 years on the leasehold so require some help, guidance, and some quotes to set the wheels in motion for a lease extension

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