Questions and Answers: Montacute Lease Extensions

  • I'm planning to make an offer on a house in Montacute but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Accord Mortgages Ltd giving us the mortgage now?
  • I purchased a garden flat in Montacute. The lease started in 1992 for 99 years. Now I am wanting for a lease extension. I am uncertain about additional expenses, could you tell me please how much I should expect to spend on this?
  • My neighbours and I are in a block of five flats in Montacute and have been offered to buy the freehold for 7k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I'm looking for an apartment to buy in Montacute and I'm not really familiar with the leasehold tenure. I've identified a one bedroom apartment I like with a 90 years lease. I've read that I can apply for a lease extension after 2 years, but:- Should I anticipate any issue with the mortgage?
  • Ref a leasehold in Montacute. lower maisonette. seventy nine yrs unexpired. I have an agreed lease extension to £14k for 115yrs. Landlord also requested Notice of Claim which I think should not be necessary. Can you assist.
  • My fiance and I are considering buying a studio flat in Montacute which is a leasehold. I am wanting to weigh up the advantages and disadvantages of that - what happens when lease ends, how much it costs to extend it, can the freeholder of the land evict me from my own flat and prevent me from having a lease extension?
  • I am in need of a lease extension for my flat in Montacute and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • I am currently negotiating a lease extension for my flat in Montacute 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?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my ground floor flat in Montacute
  • I'm looking for some advice with regard to a lease extension on my 2 bed flat in Montacute. 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. Can you recommend a good conveyancers who specialises in lease extensions?
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    Lease Extensions in Montacute

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