Sample questions relating to Symonds Yat Lease Extensions

  • I have shares in the freehold of 2 blocks of flats comprising of six flats each. 2 of the leaseholders want to extend their leases and I'm curious about the procedure for this
  • I am looking for a lease extension on the lease on my one bedroom apartment in Symonds Yat which will have 59 years remaining in August. What fees are applicable?
  • I am about to put an offer in on a studio flat in Symonds Yat with a lease of fivety four years but unsure what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • I have contacted my freeholder to extend my lease for my flat in Symonds Yat. Her has been in contact with fees etc. I need an estimate for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started February 1984.
  • I am a FTB of a leasehold flat in Symonds Yat. The lease has just 68 years balance left and ground rent is £25. Is it possible for the vendor to serve the Notice of Claim and then assign over the right to me as the buyer on the day of completion so that I don't have to wait for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time consuming to the owner? Unfortunately it’s the case of an missing freeholder, so I am not sure how this will play out.
  • I am considering buying an auction property and identified a studio flat in Symonds Yat. It only has a 49 year lease..the vendor being mortgagees in possession will not want the aggravation of applying for a lease extension..what are the drawbacks of this except for the huge fee to put a new lease on it and decreased chance of obtaining a mortgage with Leeds Building Society?
  • My partner and I have a residential flat in Symonds Yat with 78 years to run. Ten months ago we were quoted a deal to receive a lease extension for another fifty years but also uplift the ground rent from notional to £200 per annum..plus a premium I think of approximately 14k. Finally we have decided to move forward but do we now have to start the negotiations again?
  • Me and my sister have been in discussion with our freeholder after having a valuation on our garden flat in Symonds Yat. We have a 67 year lease and we wish to increase this to 99. The Freeholder has given us with a financial figure 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 the lease extension.
  • We are in the throws of buying a home (a 2 bed flat located inSymonds Yat with share of freehold). Throughout our search, we were always looking at properties that had a minimum 84 years left. We identified a apartment we fell in love with and the estate agent assured that the lease term was not an issue. Yesterday our told us the lease only has 60 years and therefore requires a lease extension. Do we walk away, or should we negotiate our offer?
  • I'm looking for some advice with regard to a lease extension on my maisonette in Symonds Yat. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

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