FAQs concerning Symonds Yat Lease Extensions

  • I am seeking a lease extension for our leasehold house in Symonds Yat and we don't fully understand the letter that we got from our freehold company. How long will it take?
  • I'm about to make an offer on a house in Symonds Yat but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Virgin Money giving us the mortgage now?
  • We are in a building made up four flats in Symonds Yat and have been offered to buy the freehold for 8k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I am looking into the costs of carrying out a lease extension for my garden flat in Symonds Yat, and would like some figures on that.
  • I am considering buying an auction property and found a studio flat in Symonds Yat. It has just fifty year lease..the current owner as mortgagees in possession dont want to mess around with applying for a lease extension..what are the drawbacks of this except for the huge fee to extend the lease and decreased chance of getting a mortgage with National Westminster Bank?
  • I am planning to get a lease extension and am wondering what step I have to do first, I have been previously advised that I have to have the finances in place before I commence the process, is this correct?
  • My dad has a share of freehold, with two other leaseholders in a building in Symonds Yat. House converted into three apartments. He has a lease, which has roughly 73 years left. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • 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 the freehold of a couple of flats. Someone has the lease on the ground flat in Symonds Yat. I reside in the upper flat. I was reviewing the title deeds recently when I noticed that my flat has a lease on it. There is sixety four years left on the lease. Is it possible to do a lease extension without using a lawyers?
  • I am planning on refinancing my two bedroom ground floor purpose built flat in Symonds Yat and the mortgage company that I am looking to switch to needs at least 80 years remaining on the lease in order for them to take the mortgage forward. I have discovered that I currently have around 59 years on the leasehold so looking for some advice, guidance, and some quotes to set the wheels in motion for a lease extension
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    Lease Extensions in Symonds Yat

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