Wells Lease Extension - Your Legal Fees Calculator
Sample questions relating to Wells Lease Extensions
My name´s Ali. I’m house hunting in Wells I'm considering offering on a one bedroom apartment online, with around seventy four years remaining, how much will it likely cost to get a lease extension by, say, twenty years?
We inherited a leasehold with a freeholder who has not given us a counter-notice for a lease extension for our flat in Wells and looking to do a vesting order. Is this something you can help us with?
I am a FTB of a leasehold flat in Wells. The lease has only sixety five years unexpired and ground rent is £25. Is it possible for the flat owner to serve the Notice of Claim and then assign this right to me as the buyer once I complete the buying process so that I can avoid waiting for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the current owner? To add to the complexity the freeholder can not be found, so I am not sure how this will play out.
I have my suspicions that my niece is being hoodwinked. She put in an offer on a garden flat in Wells, where the lease is nearly sixety nine years but she was advised by the estate agents that the flat owner had extended it to 99 years. She has now been informed the flat owner was waiting for her to retain conveyancers ahead of instigating the lease extension. Seems unscrupulous, also it may take a while to sort it all out. Am I reading too much into it?
I am considering bidding for an auction property and found a two bed flat in Wells. It only has a fifty year lease..the vendor as mortgagees in possession will not want the aggravation of applying for a lease extension..what are the drawbacks of this except for the expensive fee to put a new lease on it and reduced chance of obtaining a mortgage with Skipton Building Society?
My brother and I are considering buying a garden flat in Wells which is a leasehold. I am wanting to weigh up the advantages and disadvantages of that - what happens when lease expires, the cost of a lease extension, can the freeholder of the land evict me from my own flat and block me from extending the lease?
My property lawyers (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
We have owned a leasehold flat for about eighteen years. There are sixety years unexpired lease on the lease. Following a year of difficult negotiations through my solicitors and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to LVT and would appreciate advice.
I have fivety five years remaining on my lease of a ground floor flat in Wells, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable
I am currently negotiating a lease extension for my flat in Wells 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?