Questions and Answers: South Petherton and Lambrook Lease Extensions

  • So this is the scenario: I am the registered owner of a garden flat in South Petherton and Lambrook that I am finding difficult to sell as a result of the lease needing a lease extension. How long will it take ?
  • My name´s Jason. I’m house hunting in South Petherton and Lambrook I'm thinking about offering on a one bedroom apartment online, with slightly less seventy six years left, how much does it cost on average to get a lease extension by, say, 35 years?
  • I purchased a garden flat located in South Petherton and Lambrook with a leasehold unexpired of fivety seven years. I am enquiring about what I will need to spend to extend my lease
  • Think I may have made an error, I am searching for a in South Petherton and Lambrook who has Leasehold Tribunal expertise in relation to lease extensions. Is this something you can assist me with?
  • I intend to buy a one bed flat in South Petherton and Lambrook for asking price of 145k, which has 61 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • My father has a share of freehold, with two other leaseholders in a building in South Petherton and Lambrook. House split into three flats. He has a lease, which has approximately seventy nine yrs unexpired lease. How much would it cost for a lease extension and how many years would he need to extend by?
  • I am in need of some help with a lease extension. I live in Belfast but the flat in question is based in South Petherton and Lambrook. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I am currently in the process of remortgaging my 2 bed flat in South Petherton and Lambrook and the mortgage company that I am looking to switch to requires a minimum 85 years on the leasehold of my property in order for them to take the mortgage forward. I have found that I currently have around fivety six years on the leasehold so require some help, guidance, and some quotes to get the wheels in motion for a lease extension
  • I am currently negotiating a lease extension for my flat in South Petherton and Lambrook 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?
  • I'm looking for some advice with regard to a lease extension on my ground floor flat in South Petherton and Lambrook. I'll be looking to do this sometime next year as we need to move at some point 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. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

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