Recently asked questions relating to Ferryside Lease Extensions

  • I have just completed on a garden flat inFerryside and I'm considering a lease extension as soon as I can e.g. in a couple of years
  • I have an interest in the freehold of buildings comprising of six flats each. Two of the leasehold owners want to extend their leases and I'm curious about the procedure for this
  • I am looking into the costs of carrying out a lease extension for my three bedroom second floor purpose built maisonette in Ferryside, and would like some figures on that.
  • How much will I need to spend and what is the best way to start the lease extension process? I have just under fivety six years left on my lease on a 2 bed flat in Ferryside. I have contacted the agent who represent the freeholder and they gave me the number of the valuer. I left a phone message for the surveyor but I am not receiving any returned calls.
  • My mortgage provider is requesting a £500 fee for their to approve the lease extension deed for my flat in Ferryside... I am unable to find any mention of this in my mortgage guide... is this a standard fee to pay?
  • Me and my OH are considering purchasing a garden flat in Ferryside which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what happens when lease expires, the cost of a lease extension, can the freeholder of the property evict me from my own flat and block me from having a lease extension?
  • I own 50% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 75 years. I need a at my end. Can you advise please? I live near Ferryside and have a mortgage with Lloyds TSB Bank.
  • Just been over two years that I have owned my maisonette in Ferryside. I have fivety eight yrs left on the lease. I am now looking either to purchase a share of freehold or extend my lease. I acquired the property for 320K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: In terms of surveyors - how do I go about finding one?
  • I am the freeholder of a property in Ferryside and a leaseholder has requested a lease extension. Her valuer has suggested a figure of £9,000, but has increased this by £2,000 without too much effort. My surveyor has come back with £12,520. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to a FTT, can I handle the matter myself, just equipped with the valuations I have? If not, what costs would I be likely to face?
  • I'm looking for some advice with regard to a lease extension on my one bed flat in Ferryside. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
  • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Ferryside