Questions and Answers: Symonds Yat Lease Extensions

  • I have shares in the freehold of buildings comprising of six flats each. 2 of the leaseholders want to extend their leases and I'm enquiring about the procedure for this
  • I want to acquire a leasehold property and extend the lease. The vendor has been there over two years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • The intention is to sell our one bedroom apartment in Symonds Yat but we may need a lease extension, or at least cover the costs of our buyers. Are you able to suggest someone to handle this?
  • Is it possible to talk with you about an apartment in Symonds Yat, I am considering buying at auction in the next few days. The flat only has a few years unexpired lease and I wanted to inquire about what it would cost to get a lease extension and for your services.
  • I'm looking for an apartment to purchase in Symonds Yat and I'm not really familiar with the leasehold concept. I've identified a 2 bed flat I like with a 82 years lease. I've read that I can go for a lease extension having owned the property for 2 years, but:- Is this a given?
  • We are considering buying a studio flat in Symonds Yat which is a leasehold. I am wondering what are the pros and cons of that - what happens when lease ends, how much it costs to extend it, can the freeholder of the property evict me from my own flat and block me from having a lease extension?
  • I am looking to extend the lease on my garden flat in Symonds Yat I am looking for a local company to calculate 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 own 70% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 75 years. I need a conveyancing practitioners at my end. Can you advise please? I live near Symonds Yat and have a mortgage with The Royal Bank of Scotland.
  • I am the freeholder of a property in Symonds Yat where the leaseholder has requested a lease extension. Her so called valuation expert has given a figure of £9,000, but has increased this by £2,000 at the drop of a hat. My valuer has come back with £12,520. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to tribunal, can I handle the matter myself, just armed with the valuations I have? If not, what costs would I be likely to face?
  • My and my husband know that others in the same building had already had a lease extension, and the freeholder seemed reasonable. Therefore is seems worth taking risk of avoiding a formal valuation and base the initial offer on on the prices by others . This would save on double valuation fees. Would you suggest such a course of action?
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    Lease Extensions in Symonds Yat

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