Wedmore Lease Extension - Your Legal Fees Calculator
Sample questions relating to Wedmore Lease Extensions
My name´s Luca. I’m flat hunting in Wedmore I'm considering offering on a three bed flat online, with approximately seventy six years remaining, how much does it cost on average to extend in this area by, say, twenty years?
This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
The terms for the lease on my apartment in Wedmore are 99 years from 1 Feb 1980. Can you supply me me a quote for a lease extension if I give you more specifics please?
I'm looking for a flat to buy in Wedmore and I'm not really familiar with the leasehold tenure. I've found a maisonette I like with a 90 years lease. I've read that I can apply for a lease extension after 2 years, but:- Should I anticipate any issue with the mortgage?
Are you able to advise on the likely financials and the optimum way to start the lease extension process? I have roughly sixety seven years remaining and I own a ground floor flat in Wedmore.
I am concerned that my niece might have had the wool pulled over her eyes. She put in an offer on a studio flat in Wedmore, where the lease is about 68 years but she was told by the selling agents that the homeowner had extended it to 125 years. Only now has she been told the vendor was holding off for her to retain conveyancers ahead of instigating the lease extension. Seems devious, also it could take a while to sort it all out. Am I being too sceptical?
I am a landlord of a block of flats in Wedmore, and the lessees are in the process of being given lease extensions. I should hopefully get the money next month. Are there any tax implications, the property is in joint names with my partner ?
I am considering buying an auction property and identified a studio flat in Wedmore. It has just 49 year lease..the vendor as mortgagees in possession dont want the aggravation of applying for a lease extension..what are the disadvantages of this except for the huge fee to put a new lease on it and reduced chance of obtaining a mortgage with Halifax?
I'm looking at acquiring a flat in Wedmore at a price of £256,000 the flat has approaching seventy two years unexpired on the lease. I put in an offer conditional upon a lease extension... .. that was back in September, hoping I'd have completed before Christmas. They have just informed me they'll reduce the price by£2k if they don't have to deal with the lease extension. I'm not sure if I should take them up on the offer
I have 73 years remaining on my lease of a ground floor flat in Wedmore, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable