Wells Lease Extensions

Recently asked questions relating to Wells Lease Extensions

I bought a property in Wells and it has circa fivety eight years unexpired. I'd like to arrange a lease extension by twenty years

I want to buy a leasehold property and extend the lease. The owner has been there over two years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?

I am looking to buy a one bedroom apartment in Wells with a lease of 68 years but not sure how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.

I would like to have my residential flat leasehold extension premium valued. The flat is in Wells, and my lease will reach fivety five years this July. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the Tribunal court?

We have a residential flat in Wells with fivety seven years left. Ten months ago we were quoted a deal to have a lease extension for another 25 years but also uplift the ground rent from nominal to a little more..plus a premium I think of approximately 10k. We have now decided to proceed but do we now have to renegotiate?

Me and my wife have been in discussion with our freeholder after having a valuation on our three bedroom second floor purpose built maisonette in Wells. We have a sixety four year lease and we wish to increase this to 99. The Freeholder has provided us with a financial figure that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on our behalf.

Me and my partner are in the throws of buying a property (a one bedroom apartment located inWells with share of freehold). During our search, we were always looking at flats that had a minimum eighty five years left on the lease. We came across a place we fell in love with and the selling agent promised us that the lease was long albeit not specifying a number. Today our informed us the lease only has fivety five years and therefore needs a lease extension. Do we walk away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?

I am the registered freeholder to two flats. Someone has the lease on the garden flat in Wells. I live in the upper flat. I was reviewing the land registry documents yesterday when I noticed that my flat has a lease on it. There is fivety six years balance left. Can one carry out a lease extension without instructing a ?

I am planning on remortgaging my ground floor flat in Wells and the bank that I am looking to switch to requires a minimum 85 years on the leasehold of my property in order for them to take the mortgage forward. We currently have around sixety six years on the leasehold so require some help, guidance, and some quotes to start the lease extension process

I have 64 years remaining on my lease of a ground floor flat in Wells, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable

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