Sample questions relating to Wincanton Lease Extensions

  • Hi. I need someone to review my lease extension before it's formalised just to make sure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor amendments.
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Wincanton, and my lease will reach 64 years this June. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • We bought a leasehold with a freeholder who has not given us a counter-notice for a lease extension for our flat in Wincanton and looking to do a vesting order. Is this something you can help us with?
  • My mortgage lender requires a £450 fee for their solicitors for a "deed of substituted security" for the lease extension for my flat in Wincanton... I am unable to find any mention of this in my mortgage contract... is this a standard cost that they charge?
  • I am considering acquiring an auction property and came upon a studio flat in Wincanton. It has just 50 year lease..the seller as mortgagees in possession dont want the aggravation of applying for a lease extension..what are the drawbacks of this except for the costly fee to put a new lease on it and decreased chance of getting a mortgage with Lloyds TSB Bank?
  • I am the registered freeholder of a couple of flats. Someone has the lease on the lower flat in Wincanton. I reside in the top flat. I was reviewing the land registry documents recently when I noticed that my flat is leasehold. There is 69 years remaining. Is it possible to do a lease extension without retaining a solicitors?
  • I own the freehold reversion of a property in Wincanton where the leaseholder has requested a lease extension. Her valuer has provided a figure of £8,000, but has upped this to £10,000 at the drop of a hat. My valuer has suggested a much higher figure. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to a FTT, can I deal with this myself, just armed with the valuations I have? If not, what charges would I be likely to face?
  • I am currently negotiating a lease extension for my flat in Wincanton 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?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my three bedroom ground floor purpose built maisonette in Wincanton
  • I'm looking for some advice with regard to a lease extension on my one bedroom first floor purpose built maisonette in Wincanton. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
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    Lease Extensions in Wincanton

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