Common questions relating to Wiveliscombe Lease Extensions

  • I want to buy a leasehold property and extend the lease. The seller has been there for four 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 ?
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I own a maisonnette together with the freehold. The owners of the upstairs flat have asked for a lease extension what do I need to do?
  • I have been in touch with my freeholder to extend my lease for my flat in Wiveliscombe. His property lawyers has been in contact regarding costs etc. I need a quote for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started May 1985.
  • I own a one bed flat in Wiveliscombe. The lease started in 1992 for 99 years. Now I am looking for a lease extension. I am unclear about further expenses, could you tell me please how much I should expect to spend on this?
  • We invested in buying a leasehold with a landlord who has not given us a counter-notice for a lease extension for our flat in Wiveliscombe and are therefore thinking about the option of a vesting order. Is this something you can help us with?
  • I am concerned that my niece is being hoodwinked. She put in an offer on a one bedroom apartment in Wiveliscombe, where the lease is around 61 years but she was advised by the selling agents that the owner had extended it to 125 years. Only now has she been informed the flat owner was holding off for her to instruct conveyancers prior to commencing with the lease extension. Sounds unscrupulous, also it will take months to sort it all out. Am I being too sceptical?
  • Coming up to two years that I have been in my one bedroom apartment in Wiveliscombe. I have 63 yrs remaining on the lease. I am now wanting to purchase a share of freehold or a lease extension. I acquired the property for 350K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my conveyancing practitioners about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?
  • Although I do not need a lease extension but I do require a vesting order on a property I want to acquire in Wiveliscombe. The house is freehold but the garden is officially leasehold, 995 year lease from 1895. Its the rear garden.
  • Are you able to provide an estimate to extend my mum’s lease on a one bedroom ground floor purpose built flat in Wiveliscombe. She already has a figure from the landlord for a lease extension but I am not sure it is too high.
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    Lease Extensions in Wiveliscombe

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