Watchet Lease Extensions: Q and A’s

  • 40k agreed with the landlord, just seeking to find a Watchet for a lease extension. Our lease has roughly sixety one yearsleft. How long will this take ?
  • We have seen a house for sale for £215k and we are very keen on but we've just found out that it is leasehold. There are 899 years remaining so a lease extension is not an issue. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without owning the property. Any information would be much appreciated.
  • I am looking for a in Watchet and they should be on the Aldermore approved conveyancers panel as we need a lease extension and remortgage at the same time. Can you recommend any please ?
  • Hello. I need someone to review my lease extension before it's formalised just to ensure there's nothing that I haven't seen - it's just a reissue with a few minor changes.
  • I will soon view a two bedroom apartment, although not exactly my perfect property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has seventy nine years balance left on the lease. It is also a repossession so I'm assuming that the vendor will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?
  • I am looking at bidding for an auction property and found a studio flat in Watchet. It has just 48 year lease..the seller as mortgagees in possession will not want to mess around with seeking a lease extension..what are the disadvantages of this other than the huge fee to extend the lease and reduced chance of obtaining a mortgage with Alliance & Leicester ?
  • I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • My son has a share of freehold, with two other leaseholders in a building in Watchet. House split into three flats. He has a lease, which has about 54 yrs 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 have 62 years remaining on my lease of a ground floor flat in Watchet, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high
  • We have a studio flat in Watchet with a lease of sixety nine years left with a value of around £290000 we want to add 90 years to it, how much is that likely to cost?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Watchet