Questions and Answers: Chipping Sodbury Lease Extensions

  • Hello, I stumbled across this site. I'm seeking prices on what it cost to extend a lease of a ground floor flat located in Chipping Sodbury. It's on sale at the moment but has just under sixety nine years left on the lease
  • I have an interest in the freehold of buildings comprising of seven flats each. 2 of the leaseholders want to extend their leases and I'm enquiring about the the process
  • I need to negotiate a lease extension for a flat in Chipping Sodbury and want to use a local . Are you able to help me find a ?
  • I'm wanting to make an offer on a house in Chipping Sodbury but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Bank of Scotland giving us the mortgage now?
  • I bought a ground floor flat in Chipping Sodbury. I am looking to extend lease on the property. It is nearon eighty one years. I would just like to know what your charges are and how long the process takes.
  • My fiance and I are considering buying a one bedroom apartment in Chipping Sodbury which is a leasehold. I am wondering what are the advantages and disadvantages of that - what occurs when lease expires, how much it costs to extend it, can the freeholder of the land evict me from my own flat and prevent me from having a lease extension?
  • I am hoping to extend the lease on my garden flat in Chipping Sodbury I am looking for help to verify the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • I'm living at mum and dad but have a three bedroom ground floor purpose built maisonette in Chipping Sodbury let out which has a 74 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Chipping Sodbury for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Not sure sure whether to hold on or sell the flat?
  • I am currently negotiating a lease extension for my flat in Chipping Sodbury 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?
  • I have a lease of sixety years remaining on my flat in Chipping Sodbury. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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