Lease Extensions in Somerton

Questions and Answers: Somerton Lease Extensions

My partner has an apartment based in Somerton which we have just put on the market. The leasehold has approximately 54 years left on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we commence arranging a lease extension? Many thanks.

I am looking for a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has 65 years unexpired.

I have a lease of 61 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. My upstairs neighbours have asked to extend the lease what do I need to do?

I would like to have my residential flat leasehold extension premium assessed. The flat is in Somerton, and my lease will reach 78 years this December. 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 will soon view a two bedroom apartment, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has sixety eight years unexpired on the lease. It is also a repossession so I'm assuming that the bank will not be interested in extending the lease. My main concern is would it be difficult to sell on without a lease extension?

I am a FTB of a leasehold flat in Somerton. The lease has only 61 years balance left and ground rent is £95. Is it possible for the seller to serve the Section 42 Notice and then assign this right to me as the buyer once I complete the buying process so that I don't have to wait for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time consuming to the flat owner? To add to the complexity the freeholder is absent, so I am not sure how does it work.

My mortgage provider requires several hundred pounds for their for a "deed of substituted security" for the lease extension for my flat in Somerton... I can find no mention of this in my mortgage contract... is this a standard charge?

If a leaseholder 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?

My and my fiance are concerned about getting a lease extension from an objectionable landlord. Notwithstanding that the correct procedures were followed under the 1993 Act, the landlord still attempted to charge ground rent of £300 increasing by 100% every twenty years of the new term. Can you assist?

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