Axbridge Lease Extensions: Q and A’s

  • I want to purchase a leasehold property and lease extension. The flat owner has been there over 2 years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I am in need of a rough estimate of what a lease extension will cost for a flat I intend to buy. It has fivety nine years left.
  • I have contacted my freeholder for a lease extension for my flat in Axbridge. His conveyancing practitioners has been in contact with fees etc. I need an estimate for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started December 1992.
  • My partner and I have a leasehold flat in Axbridge with 70 years remaining. Last year we were quoted a deal to receive a lease extension for a further 25 years but also increase ground rent from notional to a little more..plus a premium I think of approximately 14k. Finally we have decided to proceed but do we now have to renegotiate?
  • I would like some guidance on purchasing a leasehold residence. We plan to buy a link detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Axbridge area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
  • Me and my partner have owned a leasehold flat for about eighteen years. There are 59 years left on the lease. Following a year of protracted negotiations through my conveyancing practitioners 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 appreciate some independent thoughts.
  • If a leaseholder owns a flat with a lease of less than 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?
  • It says on your website the anticipated fee for dealing with a lease extension is £495. Is that the total cost including value added tax and the land registry fee? The price has already been agreed with the freeholder for the lease extension for my 2 bed flat in Axbridge
  • I have 63 years remaining on my lease of a ground floor flat in Axbridge, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my garden flat in Axbridge
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    Lease Extensions in Axbridge

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