Lease Extensions in Montacute

Top Ten Questions relating to Montacute Lease Extensions

We are looking for lease extension for our apartment based in Montacute and we are confused by the letter that we received from our freehold company. Are you willing to help us with this situation?

We agreed with the head landlord to a lease extension on our flat based in Montacute, 10.5k for another 90yrs. Are you able to help us with this situation ?

My name´s Harrison. I’m flat hunting in Montacute I'm seeing a ground floor flat online, with nearly 66 years unexpired lease, how much will it likely cost to get a lease extension by, say, twenty years?

We have seen a house for sale for £215k and we are very interested but we've just found out that it is leasehold. There are 928 years remaining so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any advice would be much appreciated.

I have a lease of 54 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?

I'm deliberating over purchasing a one bed flat (leasehold) but the landlord has been absent for around 15yrs. My question is would it be cheaper to try to buy the freehold or to get a lease extension and apply for RTM?

Possibly made a mistake, I am seeking a in Montacute who has Leasehold Tribunal expertise in relation to lease extensions. Is this something you can help me with?

I own a share of the freehold. There are four apartments in the house. All the leaseholders are now looking for lease extensions. What are the timescales to grant a lease extension?

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 70 years. I need a at my end. Can you advise please? I live near Montacute and have a mortgage with Clydesdale.

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?

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