Frequently asked questions relating to South Petherton Lease Extensions

  • I have got a leasehold flat in the South Petherton area and was curious whether I could get a lease extension. What are your processes and charges. Has sixety nine years balance left
  • We have seen a house for sale for £215k and we are very interested but we've just discovered that it is leasehold. There are 899 years left so a lease extension is not an issue. 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 twenty years without the house being ours. Any suggestions would be much appreciated.
  • Do you only do lease extensions in South Petherton? I own a flat in Abbey Wood with 90 years remaining, I am looking for a quote from a .
  • I am a landlord of a block of flats in South Petherton, and the lessees are in the process of being granted lease extensions. I should hopefully get funds next week. How does the tax work, the property is co-owned with my partner ?
  • My apartment in South Petherton is up for sale and I have a hopefully firm offer. There is 79 years unexpired on the lease and I want a lease extension. How much does it cost on average to extend in this location by, say,fifty years
  • I own 50% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around sixety years. I need a at my end. Can you advise please? I live near South Petherton and have a mortgage with Aldermore.
  • 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?
  • Me and my wife are in the throws of buying a property (a studio flat inSouth Petherton with share of freehold). Throughout our search, we were always looking at apartments that had a minimum 84 years remaining. We came across a flat we fell in love with and the selling agent assured that the lease term was not an issue. Today our informed us the lease only has 69 years and therefore requires a lease extension. Do we run away, or do we negotiate our offer?
  • I'm hoping for some advice with regard to a lease extension on my maisonette. The plan is to do this next autumn as we need to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. You are able to recommend a good who specialises in lease extensions. Ideally someone in South Petherton area?
  • I require an estimate to extend my mother’s lease on a ground floor flat in South Petherton. She already has a price from the landlord for a lease extension but I am unclear whether it is reasonable.

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