FAQs concerning Shepton Mallet Lease Extensions

  • My name´s Caleb. I’m flat hunting in Shepton Mallet I'm seeing a maisonette online, with approximately 69 years left, how much will it likely cost to get a lease extension by, say, 35 years?
  • I’m about to offer on a one bedroom apartment to purchase in the Shepton Mallet area and was interested in finding out what the likely fees would be for a lease extension? It has 65 years left...
  • I have a lease of sixety seven years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • I am the owner of a maisonnette and the freehold title. The owners of the downstairs flat have asked to extend the lease what do I need to do?
  • We bought a leasehold with a freeholder who has not given us a counter-notice for a lease extension for our flat in Shepton Mallet and looking to do a vesting order. Is this something you can help us with?
  • I'm looking for an apartment to purchase in Shepton Mallet and I'm not really familiar with the leasehold title. I've identified a 2 bed flat I like with a 87 years lease. My research reveals that I can apply 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?
  • I am planning to get a lease extension and am wondering what step I have to do first, I have been previously advised that I have to have the finances in place before I initiate the process, is this correct?
  • My property lawyers (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • My son has a share of freehold, with two other leaseholders in a building in Shepton Mallet. House converted into three apartments. He has a lease, which has nearon 70 years unexpired lease. How much would it cost for a lease extension and how many years would he need to extend by?
  • If somebody owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
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    Lease Extensions in Shepton Mallet

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