Recently asked questions relating to Bishops Lydeard Lease Extensions

  • 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 the owner of a maisonnette together with the freehold reversion. The owners of the upstairs flat have asked to extend the lease what do I need to do?
  • I plan on buying a flat in Bishops Lydeard. The offer is conditional upon a lease extension. The homeowner’s property lawyers has given to the freeholder the Notice of Claim. 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 Virgin Money. Moreover, which are the following lease extension steps to complete the purchase?
  • My neighbours and I are in a block comprising five flats in Bishops Lydeard and have been offered to buy the freehold for £5000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • How much will it cost me and what is the best way to get a lease extension started? I have slightly less than 79 years unexpired lease on my lease on a three bed flat in Bishops Lydeard. I have emailed the managing agents who act on behalf of the landlord and they gave me the number of the valuer. I have contacted the valuer but I am not receiving any calls back.
  • I am looking to buy a one bed flat in Bishops Lydeard for asking price of 156k, which has seventy six 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 the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I am in need of some help with a lease extension. I live in Dublin but the property in question is based in Bishops Lydeard. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • Although I do not need a lease extension but I do need a vesting order on a property I want to buy in Bishops Lydeard. The house is freehold but the garden is officially leasehold, 1000 year lease from 1854. Its the rear garden.
  • I am planning on remortgaging my one bedroom apartment in Bishops Lydeard and the next lender that I am looking to switch to requires a minimum 80 years remaining on the lease in order for them to take the mortgage forward. I have discovered that I currently have around 79 years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process
  • We have a studio flat in Bishops Lydeard with a lease of seventy two years left with a value of around £370000 we want to add 125 years to it, how much is that likely to cost?
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    Lease Extensions in Bishops Lydeard

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