Wellington Lease Extensions

Examples of recent questions relating to Lease Extensions in Wellington

I am interested in getting a lease extension for a flat in Wellington and want to use a local . Are you able to help me find a ?

I'm intending to make an offer on a house in Wellington but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Nationwide Building Society giving us the mortgage now?

I am looking for a in Wellington and they need to be on the Alliance & Leicester approved conveyancers panel as we need a lease extension and refinance simultaneously. Are you able to recommend any please ?

I am thinking about buying an auction property and found a one bed flat in Wellington. It has just fifty-one year lease..the current owner as mortgagees in possession dont want the aggravation of applying for a lease extension..what are the drawbacks of this other than the costly fee to put a new lease on it and reduced chance of obtaining a mortgage with Santander?

My wife and I have a one bedroom flat based in Wellington. There is 80 years to run on the lease and we want a lease extension. How much will it likely cost to extend in this area by, say,twenty years

We are considering purchasing a garden flat in Wellington which is a leasehold. I am wondering what are the pros and cons of that - what occurs when lease expires, how much it costs to extend it, can the freeholder of the land evict me from my own flat and block me from extending the lease?

I intend to buy a one bed flat in Wellington for asking price of 156k, which has 72 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?

I am the owner of a purpose-built apartment based in a small block in Wellington. The leasehold interest in the flat on a 101 year lease started on 1 March 1969 with a non-reviewable yearly rent of 35. I wish to obtain a lease extension. Is it possible for me to talk with someone to go through my options please?

Coming up to two years that I have been in my one bedroom first floor purpose built maisonette in Wellington. I have 79 yrs outstanding on the lease. I am now wanting to buy a share of freehold or a lease extension. I purchased the property for 350K, it is now roughly 445k. 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: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?

I am currently negotiating a lease extension for my flat in Wellington as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

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