Examples of recent questions relating to Lease Extensions in Somerton

  • I am considering investing in a holiday home but it has a lease that expires in twenty years. Its in Somerton - I wanted to see if with your services this could be extended?
  • I need to extend my existing lease can you assist? I think it has 77 years left
  • I am about to put an offer in on a one bedroom apartment in Somerton with a lease of 77 years but unsure what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • I am concerned that my niece might have had the wool pulled over her eyes. She submitted an offer on a one bed flat in Somerton, where the lease is nearon 58 years but she was told by the selling agents that the owner had extended it to 99 years. Only now has she been informed the owner was holding off for her to retain conveyancers before commencing with the lease extension. Seems odd to me, also it may take a while to sort it all out. What do you think?
  • I am hoping to extend the lease on my two bedroom first floor purpose built flat in Somerton I am looking for help to verify the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • I am the freeholder of a Edwardian property split into two apartments. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 67 years. What are my next steps?
  • Just a quick one, how much does it cost for a lease extension on a residential property in Somerton for a three bed flat - sec 42 having been issued?
  • We are hoping to buy a flat (a three bedroom ground floor purpose built flat based inSomerton with share of freehold). Throughout our search, we were always looking at flats that had a minimum eighty five years unexpired. We identified a apartment we liked and the selling agent assured that the lease term was not an issue. Today our informed us the lease only has 54 years and thus requires a lease extension. Do we walk away, or do we reduce our offer?
  • I am the freeholder of a property in Somerton and a leaseholder would like a lease extension. Her valuer has given a figure of £8,000, but has upped this to £10,000 at the drop of a hat. My surveyor has recommended a much higher premium. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to a FTT, can I deal with this myself, just armed with the valuations I have? If not, what charges would I be likely to face?
  • I am currently negotiating a lease extension for my flat in Somerton 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 Somerton