Common questions relating to Symonds Yat Lease Extensions

  • My name´s Hunter. I’m house hunting in Symonds Yat I'm seeing a three bedroom second floor purpose built flat online, with just under 68 years left, how much does it cost on average to extend in this location by, say, 45 years?
  • I have shares in the freehold of 2 blocks of flats comprising of seven flats each. 2 of the leasehold owners want to extend their leases and I'm wondering about the the process
  • I'm intending 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 Britannia giving us the mortgage now?
  • I am in need of a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has fivety six years outstanding.
  • I am about to view a one bedroom maisonette, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has seventy four years residual lease term on the lease. It is also a repossession so I'm guessing that the vendor will not be interested in doing a lease extension. My primary concern is would it be difficult to sell on without a lease extension?
  • My fiance and I are considering purchasing a ground floor flat in Symonds Yat which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what happens when lease expires, the cost of a lease extension, can the freeholder of the property evict me from my own flat and block me from having a lease extension?
  • I am looking to buy a one bed flat in Symonds Yat for asking price of 125k, which has 69 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • My husband and I are buying a one bedroom apartment in Symonds Yat which has share of freehold and a leasehold. The lease was starting to get low so the seller is in the process of extending the lease. The seller has submitted the lease extension paperwork to HMLR. An essential part of the conveyancing process is for our conveyancing practitioners to do a "priority search" on the property title. The problem here is that as a lease extension has been submitted we've been told by our lawyers it may not be possible to do this "priority search" right now as the new property title number is not known. Is it right that we must wait pending registration of the new lease?
  • I am the registered freeholder to two flats. Someone has the lease on the garden flat in Symonds Yat. I reside in the upper flat. I was looking at the title deeds recently when I noticed that my flat has a lease on it. There is 54 years left on the lease. If I want a lease extension then would I simply be paying for the lawyers fees?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my garden flat in Symonds Yat
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    Lease Extensions in Symonds Yat

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