Questions and Answers: South Petherton and Lambrook Lease Extensions

  • We are looking for lease extension for our flat located in South Petherton and Lambrook and we don't fully understand the communication that we got from our freehold company. What's your solicitors fee?
  • I think our has advised us incorrectly concerning a lease extension and I want to find out how to complain
  • I own a property in South Petherton and Lambrook and it has circa 58 years left. I'd like to arrange a lease extension by twenty years
  • I acquired a garden flat based in South Petherton and Lambrook with a leasehold unexpired of 56 years. I am enquiring about what it will cost me to extend my leasehold
  • I plan on buying a flat in South Petherton and Lambrook. My offer is subject to the lease extension. The seller’s has served the Section 42 Notice. 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 Birmingham Midshires. Moreover, which are the following lease extension steps to complete the purchase?
  • Me and my husband had entered into buying a garden flat in South Petherton and Lambrook. I was advised by the EA that the lease extension had already been completed while on a viewing (65 years remaining prior to extension). The description on the listing said "sold with a long lease". It turns out as we are about to exchange of contracts we find that there has been no lease extension. The flat owner apparently has a quote but no funds to extend as a result the flat owner intends to exchange and use the deposit monies for the lease extension. My question is why has this only just been brought to my attention by my ?
  • I intend to buy a one bed flat in South Petherton and Lambrook for asking price of 125k, which has sixety eight 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 surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • My husband and I have been in discussion with our freeholder after having a valuation on our garden flat in South Petherton and Lambrook. We have a seventy eight year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • We are in the throws of buying a property (a maisonette located inSouth Petherton and Lambrook with share of freehold). During our search, we were always looking at flats that had at least eighty five years residual lease term. We found a place we liked and the selling agent assured that the lease term was not an issue. This morning our advised us the lease only has 77 years and thus needs a lease extension. Do we run away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • My wife and I are worried about getting a lease extension from tricky landlord. Regardless of the fact that the legal procedures were followed under the appropriate legislation, the freeholder still tried to get ground rent of £200 doubling every 25 years of the new term. Can you help?

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