Examples of recent questions relating to Lease Extensions in Wedmore

  • We have seen a house for sale for £215k and we are very interested but we've just found out that it is leasehold. There are 928 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 true? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any information would be much appreciated.
  • We are in a building containing four flats in Wedmore and have been offered to buy the freehold for £3,500 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?
  • My mortgage lender is requesting several hundred pounds for their to agree a lease extension for my flat in Wedmore... I am unable to find any reference of this in my mortgage guide... is this a standard charge?
  • I am a freeholder of a block of flats in Wedmore, and the lessees are in the process of being granted lease extensions. I should hopefully get funds next week. How does the tax work, the property is in joint names with my partner ?
  • I am in need of some help with a lease extension. I live in Edinburgh but the flat in question is based in Wedmore. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • It says on your website the anticipated fee to extend a lease is £495. Is that the total cost including vat and the land registry fee? The premium has already been agreed with the freeholder for the lease extension for my maisonette in Wedmore
  • My husband and I are in the throws of buying a property (a studio flat inWedmore with share of freehold). Throughout our search, we were always looking at properties that had a minimum ninety years left on the lease. We identified a flat we fell in love with and the selling agent promised us that the lease was long albeit not specifying a number. This morning our informed us the lease only has sixety years and therefore needs a lease extension. Should we run away, or do we reduce our offer?
  • I am the freeholder of a property in Wedmore where the leaseholder would like a lease extension. Her valuer has given a figure of £8,000, but has upped this to £10,000 at the drop of a hat. My surveyor has suggested a much higher amount. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to a FTT, can I handle the matter myself, just armed with the valuations I have? If not, what costs would I be likely to incur?
  • We currently own a one bedroom apartment in Wedmore and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has seventy six years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Do you have some advice on this? Should I contact the landlord first and will they be able to give me a cost?
  • I'm looking for some advice with regard to a lease extension on my maisonette in Wedmore. 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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