Questions and Answers: Wedmore Lease Extensions

  • I am considering investing in a holiday home but it has a lease that expires in fifteen years. Its in Wedmore - I wanted to see if with your services it is possible for this to be extended?
  • I am about to put an offer in on a studio flat in Wedmore with a lease of fivety nine years but have no idea what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • I am looking into the costs of carrying out a lease extension for my three bedroom ground floor purpose built flat in Wedmore, and would like some figures on that.
  • I am looking to extend the lease on my three bedroom second floor purpose built flat in Wedmore I am looking for help to verify the premium. I have a quote from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.
  • I'm living with my parents but have a one bedroom ground floor purpose built maisonette in Wedmore let out which has a seventy two year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Wedmore for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Not sure sure whether to hold on or sell the flat?
  • Just been over two years that I have owned my one bedroom apartment in Wedmore. I have 73 years left on the lease. I am now looking either to purchase a share of freehold or extend my lease. I purchased the property for 342K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Wedmore based or any will do fine?
  • Me and my partner are acquiring a one bedroom apartment in Wedmore which has share of freehold and a leasehold. The lease was starting to get low so the vendor is in the process of extending the lease. The owner 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 conveyancing process is for our to do a "priority search" on the property title. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it right that we have to wait until the new lease is registered?
  • We currently own a garden flat 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 sixety four years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Can you offer some advice on this? Do I contact the landlord first and will they be able to give me a cost?
  • Do you handle lease extensions on land? (a plot of land in Wedmore with 82yrs remaining)
  • I'm looking for some advice with regard to a lease extension on my one bedroom apartment 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?

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