Frequently asked questions relating to Wadebridge Lease Extensions

  • My name´s Tyler. I’m property hunting in Wadebridge I'm thinking about offering on a maisonette online, with circa sixety two years unexpired lease, how much will it likely cost to get a lease extension by, say, ninety years?
  • I have shares in the freehold of 2 blocks of flats comprising of seven flats each. Two of the leaseholders want to extend their leases and I'm wondering about the the process
  • I'm considering purchasing a studio flat (leasehold) but the landlord has been missing for around 15yrs. My question is would it be cheaper to try to buy the reversionary title or to get a lease extension and apply for right to manage?
  • I am looking to either purchase the freehold or a lease extension of my property in Wadebridge and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a get a new mortgage with Aldermore to release of equity. The broker handling the remortgage suggested I get two quotes : one for the lease extension and one for outright purchase .The lease began in 1972 and since then the ground rent has increased from £15.00 per year to £200 per year.
  • My mortgage lender requires a £450 fee for their conveyancing practitioners to approve the lease extension deed for my flat in Wadebridge... I can find no mention of this in my mortgage literature... is this a normal fee to pay?
  • We have a leasehold flat in Wadebridge with 55 years left. Last year we were quoted a deal to have a lease extension for a further 25 years but also increase ground rent from notional to a little more..plus a premium I think of about 9k. Finally we have decided to move forward but do we now have to renegotiate?
  • My partner and I have a one bedroom flat located in Wadebridge. There is 81 years unexpired on the lease and we want a lease extension. How much does it cost on average to extend in this area by, say,thirty years
  • Me and my partner have been in discussion with our freeholder after having a valuation on our one bedroom apartment in Wadebridge. We have a seventy nine year lease and we wish to increase this to 99. The Freeholder has given us with a financial figure that she 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 solicitors to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • It says on your website the likely fee to extend a lease is £495. Is that the total cost including value added tax and the HMLR fee? The price has already been agreed with the freeholder for the lease extension for my garden flat in Wadebridge
  • My brother and I are acquiring a three bed flat in Wadebridge which has share of freehold and a leasehold. The lease was starting to get low so the owner is in the process of extending the lease. The seller’s lawyer 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 house buying process is for our solicitors to do a "priority search" on the lease. The concern here is that as a lease extension has been submitted we've been told by our conveyancers it may not be possible to do this "priority search" right now as the new lease title number is not known. Is it right that we must wait until the lease extension has actually been registered before completing.?
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    Lease Extensions in Wadebridge

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