Lease Extensions in Wells

Recently asked questions relating to Wells Lease Extensions

My wife has a flat based in Wells which we are about to put on the market. The leasehold has around 62 years unexpired on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we get started on a lease extension? Thank you.

I am going to purchase a flat in Wells. The offer is conditional upon a lease extension. The vendor’s has given to the freeholder the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Norwich and Peterborough Building Society. Moreover, which are the following lease extension steps to complete the purchase?

I am looking into the costs of carrying out a lease extension for my first floor flat in Wells, and would like some figures on that.

What will I need to spend and what is the best way to get a lease extension started? I have about seventy seven years left on my lease on a one bedroom apartment in Wells. I have emailed the agent who act on behalf of the freeholder and they sent me the number of the valuer. I have contacted the surveyor but I am not receiving any returned calls.

We are looking to extend our lease having owned the apartment for two years as of 22nd Feb 2015. It has nearly 69 years remaining currently. Hoping to get a lease extension by way of an additional 90 years as quickly and stress free as possible.

I an interested in finding out more about purchasing a leasehold residence. We hope to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Wells area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?

My wife and I have owned a leasehold flat for approximately twenty years. There are sixety five years remaining on the lease. After a year of protracted negotiations through my 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 a Tribunal and would welcome advice.

I am the freeholder of a Victorian property split into two apartments. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current sixety six years. What are my next steps?

I have a leasehold property in Wells with fivety nine years unexpired on the lease. I need a to help me get a lease extension. Can you help?

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?

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