Questions and Answers: Southmead Lease Extensions

  • I’m just looking for a one bed apartment to purchase in the Southmead area and was wondering how much would it cost for a lease extension? It has fivety five years unexpired...
  • My wife has a flat based in Southmead which we have just put on the market. The leasehold has around sixety nine years balance left on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Many thanks.
  • I acquired a one bedroom first floor purpose built flat located in Southmead with a leasehold unexpired of 77 years. I am wondering about what I will need to spend to extend my lease term
  • I plan on buying a flat in Southmead. The offer is subject to the lease extension. The flat owner’s solicitors has given to the freeholder the Notice of Claim. 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 Chelsea Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • The terms for the lease on my flat in Southmead are 101 years from 15 Feb 1980. Please supply me me a quote for a lease extension if I give you more information please?
  • I am looking at bidding for an auction property and found a one bed flat in Southmead. It only has a 48 year lease..the current owner as mortgagees in possession will not want the aggravation of seeking a lease extension..what are the drawbacks of this other than the huge fee to put a new lease on it and decreased chance of obtaining a mortgage with Norwich and Peterborough Building Society?
  • We have owned a leasehold flat for about fifteen years. There are 68 years remaining on the lease. After a year of difficult negotiations through my lawyers and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to a Tribunal and would appreciate some independent thoughts.
  • I own 60% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around sixety two years. I need a conveyancers at my end. Can you advise please? I live near Southmead and have a mortgage with Nationwide Building Society.
  • I am the freeholder of a Victorian property split into two apartments. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 71 years. What are my next steps?
  • My wife and I are are hoping to complete on a maisonette in Southmead which has share of freehold and a leasehold. The lease was starting to get low so the owner commenced dealing with a lease extension. The owner has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the conveyancing process is for our lawyers to do OS1 search on the lease. The concern here is that as a lease extension has been submitted we've been told by our conveyancing practitioners it may not be possible to do this "priority search" right now as the new property title number is not known. Is it correct that we must wait until the lease extension has actually been registered before completing.?
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    Lease Extensions in Southmead

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