Frequently asked questions relating to Midsomer Norton Lease Extensions

  • I bought a property in Midsomer Norton and it has nearon 70 years balance left. I'd like to arrange a lease extension by twenty years
  • I am about to put an offer in on a 2 bed flat in Midsomer Norton with a lease of 64 years but not sure what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • We are selling our garden flat in Midsomer Norton but we may require a lease extension, or at least cover the costs of our buyers. Can you help me find someone to handle this?
  • I am considering whether to purchase the freehold or a lease extension of my property in Midsomer Norton and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a remortgage with Santander to release of equity. The adviser dealing with the remortgage suggested I get two estimates : one to extend the lease and one for outright purchase .The lease began in 1979 and since then the ground rent has increased from £25.00 per annum to £200 per annum.
  • I'm looking for an apartment to buy in Midsomer Norton and I'm not really familiar with the leasehold title. I've found a ground floor flat I like with a 90 years lease. I've read that I can go for a lease extension having owned the property for a couple of years, but:- Should I be looking at some caveats that would prevent me for getting a lease extension?
  • Re a leasehold in Midsomer Norton. upper maisonette. 56 yrs unexpired. I have an agreed lease extension to £14k for 125yrs. Freeholder also insisted on Section 42 Notice which I think is a bit over the top. Advice required.
  • My father has a share of freehold, with two other leaseholders in a building in Midsomer Norton. House split into three flats. He has a lease, which has just over fivety nine yrs unexpired lease. How much would it cost for a lease extension and how many years would he need to extend by?
  • Even though I may not need a lease extension but I do need a vesting order on a property I want to purchase in Midsomer Norton. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1889. Its the rear garden.
  • We have been in discussion with our freeholder after having a valuation on our garden flat in Midsomer Norton. We have a 57 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 our behalf.
  • I am currently negotiating a lease extension for my flat in Midsomer Norton 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?

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