Common questions relating to Bridgwater Lease Extensions

  • We agreed with the landlord for a lease extension on our flat based in Bridgwater, 16.5k for another 90yrs. How long is the process ?
  • Do you only advise on lease extensions in Bridgwater? I own a flat in Abbey Wood with 90 years remaining, I am looking for a quote from a conveyancing practitioners.
  • The intention is to sell our maisonette in Bridgwater but we may need to extend the lease, or possibly cover the expense of our purchaser. Can you help me find someone to assist?
  • I am looking into the costs of carrying out a lease extension for my maisonette in Bridgwater, and would like some figures on that.
  • My mortgage lender requires a £600 fee for their lawyers for a "deed of substituted security" for the lease extension for my flat in Bridgwater... I can find no reference of this in my mortgage booklet... is this a usual fee to pay?
  • Re a property in Bridgwater. upper maisonette. 54 yrs remaining. I have negotiated a lease extension price of £20k for 125yrs. Landlord also requested Initial Notice which I think is a bit over the top. Advice required.
  • I am seeking advice as I am interested in a property that has only a 68 year lease and therefore requires a lease extension. Is it possible for me to talk with someone to go through my options please?
  • I know that others in the same building had already had a lease extension, and the freeholder was reasonable. It therefore appears worth taking risk of avoiding a formal survey and base the initial offer on on the premiums paid by others . This would save on double valuation fees. Would you suggest such a course of action?
  • I have 79 years remaining on my lease of a ground floor flat in Bridgwater, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high
  • I am currently negotiating a lease extension for my flat in Bridgwater as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
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    Lease Extensions in Bridgwater

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