Frequently asked questions relating to Minehead Lease Extensions

  • Hello, I stumbled across this site. I'm looking for prices on what a lease extension will cost for a maisonette based in Minehead. It's on the market at the moment but has nearly sixety two years outstanding on the lease
  • I need to extend my existing lease can you assist? My investigation with the Land Registry reveal that it has 59 years balance left
  • Hello. I need someone to have a look at my lease extension prior to it being signed just to ensure there's nothing that I haven't seen - it's just a reissue with a few small amendments.
  • I am the registered owner of a one bedroom apartment in Minehead. I am looking for a lease extension on the property. It is around 80 years. I would just like to know what your charges are and how long the process takes.
  • I am a FTB of a leasehold flat in Minehead. The lease has only sixety nine years residual lease term and ground rent is £50. Is it possible for the flat owner to serve the Initial Notice and then assign over the right to me as the purchaser on the day of completion so that I can avoid waiting for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time costly to the current owner? Unfortunately the landlord is absent, so I am not sure how does it work.
  • How much will it cost me and what is the best way to get a lease extension started? I have nearon 73 years outstanding on my lease on a one bedroom apartment in Minehead. I have called the managing agents who act on behalf of the landlord and they provided me with the number of the valuer. I left a phone message for the surveyor but I am not getting any returned calls.
  • My brother has a share of freehold, with two other leaseholders in a building in Minehead. House converted into three flats. He has a lease, which has about 70 years remaining. How much would it cost for a lease extension and how many years would he need to extend by?
  • I'm living with my mother and father but have a garden flat in Minehead let out which has a 76 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 Minehead 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?
  • Coming up to two years that I have owned my one bedroom apartment in Minehead. I have fivety six years outstanding on the lease. I am now wanting to purchase a share of freehold or extend my lease. I purchased the property for 320K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my property lawyers about the process, he answered most of my questions but just have one left: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to the tribunal etc)?
  • I own the freehold to two flats. Someone has the lease on the lower flat in Minehead. I reside in the upper flat. I was reviewing the land registry documents recently when I noticed that my flat has a lease on it. There is 71 years outstanding. If I want a lease extension then would I simply be paying for the property lawyers charges?
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    Lease Extensions in Minehead

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