FAQs concerning Leominster Lease Extensions

  • I’m just looking for a studio flat to buy in the Leominster area and was interested in finding out what the likely fees would be to extend a lease? It has seventy years remaining...
  • What will I need to spend and what is the best way to get a lease extension started? I have slightly more than 54 years remaining on my lease on a two bedroom first floor purpose built flat in Leominster. I have called the agent who act on behalf of the freeholder and they provided me with the number of the surveyor. I left a phone message for the valuer but I am not receiving any calls back.
  • I have my suspicions that my daughter is being hoodwinked. She put in an offer on a ground floor flat in Leominster, where the lease is slightly less seventy nine years but she was advised by the estate agents that the homeowner had extended it to 125 years. She has now been advised the homeowner was holding off for her to retain lawyers ahead of instigating the lease extension. Seems underhand, also it will take time to sort it all out. What do you think?
  • I am thinking about bidding for an auction property and identified a studio flat in Leominster. It has just 50 year lease..the current owner as mortgagees in possession will not want to mess around with negotiating a lease extension..what are the drawbacks of this except for the costly fee to put a new lease on it and reduced chance of obtaining a mortgage with Accord Mortgages Ltd?
  • My husband and I have a first floor flat in Leominster with 58 years unexpired. Ten months ago we were quoted a deal to grant a lease extension for a further fifty years but also uplift the ground rent from nominal to a little more..plus a premium I think of about 9k. Finally we have decided to proceed but do we now have to renegotiate?
  • I am the freeholder of a Victorian property split into two apartments. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 65 years. What are my next steps?
  • My OH and I have been in discussion with our freeholder after having a valuation on our maisonette in Leominster. We have a 65 year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • Me and my sister are buying a one bed flat in Leominster which has share of freehold and a leasehold. The lease was on the short side so the seller commenced dealing with a lease extension. The seller’s lawyer has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the conveyancing process is for our to do a pre-completion search on the property title. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new lease title number is not known. Is it right that we must hold on until the lease extension has actually been registered before completing.?
  • I'm hoping for some assistance concerning extending the lease on my maisonette. I'll be looking to do this next June as we have to move 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 LVT route. Do I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
  • We currently own a studio flat in Leominster and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has seventy two years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Can you offer some advice on this? Do I contact the landlord first and will they be able to give me a cost?

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