Lease Extensions in Wiveliscombe

Top Ten Questions relating to Wiveliscombe Lease Extensions

We are thinking about a lease extension for our leasehold house in Wiveliscombe and we are confused by the letter that we received from our landlord company. How long will it take?

I am fairly sure that our has advised us incorrectly concerning a lease extension and I would like to know how to go about making a formal complaint

I am looking to either purchase the freehold or a lease extension of my property in Wiveliscombe and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a get a new mortgage with Alliance & Leicester to free up equity. The broker dealing with the remortgage suggested I get two estimates : one for the lease extension and one for the freehold acquisition .The lease commenced in 1981 and since then the ground rent has increased from £25.00 per year to £200 per annum.

I am concerned that my niece is being hoodwinked. She submitted an offer on a three bed flat in Wiveliscombe, where the lease is approximately 57 years but she was informed by the selling agents that the flat owner had extended it to 125 years. She has now been advised the owner was waiting for her to appoint solicitors ahead of instigating the lease extension. Seems devious, also it could take months to sort it all out. Am I reading too much into it?

My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?

I own 50% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 77 years. I need a at my end. Can you advise please? I live near Wiveliscombe and have a mortgage with National Westminster Bank.

Just a quick one, how much are the legal fees for a lease extension on a residential property in Wiveliscombe for a two bed flat - section 42 having been issued?

I own the freehold of a couple of flats. Someone has the lease on the garden flat in Wiveliscombe. I reside in the top flat. I was looking at the land registry documents recently when I noticed that my flat is leasehold. There is 65 years left on the lease. Can one carry out a lease extension without retaining a ?

I am currently negotiating a lease extension for my flat in Wiveliscombe 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?

Do you handle lease extensions on land? (a plot of land in Wiveliscombe with 82yrs remaining)

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