FAQs concerning Wells Next The Sea Lease Extensions

  • I’m about to offer on a one bedroom apartment to buy in the Wells Next The Sea area and was wondering what the likely fees would be for a lease extension? It has fivety seven years as a balance left...
  • Hello, I stumbled across this site. I'm looking for prices on what a lease extension will cost for a maisonette based in Wells Next The Sea. It's on sale at the moment but has about sixety seven years left on the lease
  • I own a share of the freehold. There are five flats in the block. All the leaseholders are now seeking lease extensions. What are the timescales to grant a lease extension?
  • I intend to buy a one bed flat in Wells Next The Sea for asking price of 125k, which has 60 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 question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I am the freeholder of a Edwardian 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 54 years. What are my next steps?
  • I'm living with my mum and dad but have a one bedroom second floor purpose built flat in Wells Next The Sea let out which has a 54 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 Wells Next The Sea 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 19k. Not sure sure whether to hold on or sell the flat?
  • My brother and I have been in discussion with our freeholder after having a valuation on our one bedroom apartment in Wells Next The Sea. We have a 72 year lease and we wish to increase this to 99. The Freeholder has supplied 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 solicitors to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • My fiance and I are in the throws of buying a home (a garden flat located inWells Next The Sea with share of freehold). Throughout our search, we were always looking at properties that had at least ninety years residual lease term. We came across a flat we fell in love with and the estate agent assured that the lease was long albeit not specifying a number. This morning our conveyancers advised us the lease only has sixety one years and thus needs a lease extension. Do we walk away, or should 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 concerned about getting a lease extension from an objectionable landlord. Regardless of the fact that the legal procedures were adhered to under the appropriate legislation, the landlord still attempted to get ground rent of £200 increasing by 100% every 25 years of the new lease. Can you assist?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my garden flat in Wells Next The Sea
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    Lease Extensions in Wells Next The Sea

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