Questions and Answers: Wells Next The Sea Lease Extensions

  • I have a lease of seventy years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • I bought a two bedroom second floor purpose built flat in Wells Next The Sea. The lease started in 1998 for 99 years. Now I am looking to extend the lease. I am uncertain about additional expenses, could you tell me please how much I should expect to spend on this?
  • Is it possible to talk with you about a flat in Wells Next The Sea, I am thinking of buying at auction next week. The flat only has a few years outstanding and I am curious about how much it would cost to get a lease extension and for your services.
  • I am a landlord of a block of flats in Wells Next The Sea, and the leaseholders are in the process of being issued lease extensions. I anticipate receiving funds next week. Are there any tax implications, the property is in joint names with my wife ?
  • We have a first floor flat in Wells Next The Sea with seventy one years unexpired. Ten months ago we were quoted a deal to receive a lease extension for another fifty years but also uplift the ground rent from notional to a little more..plus a premium I think of about 10k. We have now decided to move forward but do we now have to start the negotiations again?
  • Offer accepted on a a one bed flat in Wells Next The Sea, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer come through which states the lease as 85 years.Contracts were due to be exchanged within a week. My question is Have the estate agents breached any law by misrepresenting the position concerning the lease term?
  • I am in need of a lease extension for my flat in Wells Next The Sea and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • My partner and I are purchasing a garden flat in Wells Next The Sea which has share of freehold and a leasehold. The lease was on the short side so the vendor is in the process of extending the lease. The seller’s lawyer has submitted the lease extension paperwork to HMLR. An essential part of the house buying process is for our lawyers to do a "priority search" on the property title. The concern here is that as a lease extension has been submitted we've been told by our solicitors it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it correct that we have to hold on pending registration of the new lease?
  • My fiance and I are hoping to buy a flat (a one bedroom apartment inWells Next The Sea with share of freehold). During our search, we were always looking at apartments that had a minimum eighty five years unexpired. We came across a apartment we liked and the selling agent assured that the lease term was not an issue. Yesterday our conveyancers told us the lease only has 59 years and thus needs a lease extension. Do we walk away, or do we negotiate our offer?
  • We have a studio flat in Wells Next The Sea with a lease of sixety nine years left with a value of around £290000 we want to add 90 years to it, how much is that likely to cost?
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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