Questions and Answers: Somerton Lease Extensions

  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Somerton, and my lease will reach sixety one years this March. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • I plan on buying a flat located in Somerton. My offer is conditional upon a lease extension. The current owner’s property lawyers has served the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Chelsea Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I am looking into the costs of carrying out a lease extension for my studio flat in Somerton, and would like some figures on that.
  • I acquired a ground floor flat in Somerton. I am looking for a lease extension on the property. It is approximately eighty one years. I would just like to know what your charges are and how long the process takes.
  • Is it possible to talk with you about a flat in Somerton, I am thinking of bidding at auction in the next few days. The flat has a short lease and I am curious about what it would cost to get a lease extension and for your services.
  • I'm looking for an apartment to buy in Somerton and I'm not really familiar with the leasehold concept. I've identified a maisonette I like with a 82 years lease. My research reveals that I can get a lease extension having owned the property for 2 years, but:- Should I anticipate any issue with my proposed mortgage lender Lloyds TSB Bank?
  • I am about to view a two bedroom flat, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 61 years remaining on the lease. It is also a repossession so I'm assuming that the vendor will not be interested in doing a lease extension. My primary concern is would it be difficult to sell on without a lease extension?
  • I own a share of the freehold. There are three flats in the building. All the leaseholders are now looking for lease extensions. Are you able to help us with this situation?
  • I am planning to get a lease extension and am wondering what step I have to do first, I have been previously told that I have to have the finances in place before I set the ball rolling, is this correct?
  • I am the freeholder of a property in Somerton and a leaseholder has requested a lease extension. Her so called valuation expert has given a figure of £9,000, but has upped this to £10,000 without too much effort. My surveyor has put forward a much higher amount. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to tribunal, can I handle the matter myself, just equipped with the valuations I have? If not, what charges would I be likely to face?
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    Lease Extensions in Somerton

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