Chard Lease Extensions

FAQs concerning Chard Lease Extensions

We agreed with the freeholder for a lease extension on our flat based in Chard, 8.5k for a further 90yrs. Are you able to assist us with this situation ?

I inherited a flat in Chard with a leasehold unexpired around 67 years and need to extend it. Please can you clarify the next stages

I want to acquire a leasehold property and extend the lease. The flat owner has been there for three years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?

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 inherited a three bed flat in Chard. The lease commenced in 1991 for 99 years. Now I am wanting to extend the lease. I am uncertain about further expenses, could you tell me please how much I should expect to spend on this?

I plan on buying a flat in Chard. The offer is subject to the lease extension. The homeowner’s conveyancing practitioners has served 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 Alliance & Leicester . Moreover, which are the following lease extension steps to complete the purchase?

I am looking into the costs of carrying out a lease extension for my garden flat in Chard, and would like some figures on that.

Me and my OH have owned a leasehold flat for approximately eighteen years. There are 65 years remaining on the lease. Following a year of difficult negotiations through my solicitors and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to LVT and would appreciate some independent thoughts.

I own the freehold reversion of a property in Chard where the leaseholder has requested a lease extension. Her valuer has given a figure of £8,000, but has upped this by £2,000 at the drop of a hat. My surveyor has recommended a much higher premium. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to tribunal, can I handle the matter myself, just armed with the valuations I have? If not, what costs would I be likely to face?

I have 60 years remaining on my lease of a ground floor flat in Chard, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high

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