Top Ten Questions relating to Sherborne Lease Extensions

  • Me and my husband are seeking a lease extension for our flat in Sherborne and we don't fully understand the letter that we received from our freehold company. What's your legal fee?
  • Hello, I stumbled across this website. I'm seeking prices on what a lease extension will cost for a garden flat located in Sherborne. It's on sale at the moment but has around sixety four years left on the lease
  • We have seen a house for sale for £195k and we are very keen on but we've just found out that it is leasehold. There are 899 years outstanding so a lease extension is not a worry. 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 true? We wouldn't want to pay a mortgage for 25 years without owning the property. Any help would be much appreciated.
  • I am the owner of a maisonnette and the freehold reversion. The owners of the upstairs flat have asked for a lease extension what do I need to do?
  • I bought a studio flat in Sherborne. I am looking for a lease extension on the property. It is nearon eighty years. I would just like to know what your charges are and how long it would take for completion.
  • I am looking to either purchase the freehold or a lease extension of my property in Sherborne 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 The Royal Bank of Scotland to free up equity. My adviser handling the remortgage suggested I get two quotes : one for the lease extension and one for the freehold acquisition .The lease began in 1979 and since then the ground rent has been raised from £15.00 per year to £300 per year.
  • I'm looking at acquiring an apartment in Sherborne valued at £256,000 the flat has approximately 75 years remaining on the lease. My offer was conditional upon the lease being renewed... .. that was back in November, expecting I'd have completed by now. The owner has just come back saying they are willing to reduce the price by£8k if they don't have to deal with the lease extension. I'm unsure whether that's a good idea
  • Me and my partner are purchasing a ground floor flat in Sherborne which has share of freehold and a leasehold. The lease was on the short side so the seller is in the process of extending the lease. The seller has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the conveyancing process is for our to do a pre-completion search on the property title. The concern here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it right that we have to be patient until the new lease is registered?
  • My fiance and I are hoping to acquire a property (a one bedroom apartment based inSherborne with share of freehold). During our search, we were always looking at properties that had at least ninety years remaining. We came across a flat we fell in love with and the estate agent promised us that the lease term was not an issue. Yesterday our advised us the lease only has 69 years and therefore needs a lease extension. Should we run away, or should we negotiate our offer?
  • We have a studio flat in Sherborne with a lease of seventy seven years left with a value of around £370000 we want to add 125 years to it, how much is that likely to cost?

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