Montacute Lease Extensions

Sample questions relating to Montacute Lease Extensions

Me and my wife are thinking about a lease extension for our two bed flat based in Montacute and we are confused by the letter that we got from our landlord company. Are you able to assist us with this situation?

I am considering investing in a second home but it has a lease that expires in twenty years. Its in Montacute - I wanted to see if with your services this could be extended?

This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?

I am looking into the costs of carrying out a lease extension for my one bedroom apartment in Montacute, and would like some figures on that.

I am looking to either purchase the freehold or a lease extension of my property in Montacute and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a refinance with National Westminster Bank to free up equity. My broker dealing with the remortgage suggested I get two estimates : one to extend the lease and one for the freehold purchase .The lease commenced in 1979 and since then the ground rent has been raised from £25.00 per annum to £125 per year.

I am a first time buyer of a leasehold flat in Montacute. The lease has just fivety eight years residual lease term and ground rent is £75. Is it possible for the seller to serve the Section 42 Notice and then assign over the right to me as the purchaser on the day of completion so that I don't have to wait for the two 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 may be possible but will it be very time consuming to the seller? Unfortunately the landlord is absent, so I am not sure how does it work.

I am concerned that my niece is being hoodwinked. She submitted an offer on a one bed flat in Montacute, where the lease is around 55 years but she was told by the selling agents that the owner had extended it to 125 years. She has now been informed the current owner was waiting for her to retain conveyancers prior to commencing with the lease extension. Sounds devious, also it will take a while to sort it all out. Am I reading too much into it?

I am thinking about buying an auction property and found a studio flat in Montacute. It has just 49 year lease..the seller being mortgagees in possession dont want the aggravation of seeking 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 getting a mortgage with Barclays ?

I own 60% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around seventy one years. I need a at my end. Can you advise please? I live near Montacute and have a mortgage with Britannia.

I'm living at parents but have a one bedroom apartment in Montacute let out which has a 71 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 Montacute 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?

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