Questions and Answers: Yate Lease Extensions

  • I own a flat in Yate with a leasehold unexpired around seventy two years and need a lease extension. Please can you advise me of the next stages
  • I own a leasehold flat in the Yate area and was enquiring whether I could get a lease extension. What are your processes and fees. Has seventy six years left
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Yate, and my lease will reach seventy years this July. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • Is it possible to talk with you about a leasehold property in Yate, I am considering bidding at auction in the next few days. The flat only has a few years unexpired lease and I wanted to inquire about how much it would cost to get a lease extension and for your services.
  • I am looking to either purchase the freehold or a lease extension of my property in Yate and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a get a new mortgage with Accord Mortgages Ltd to free up equity. My broker handling the remortgage suggested I get two quotes : one for the lease extension and one for the freehold purchase .The lease commenced in 1981 and since then the ground rent has been raised from £25.00 per annum to £125 per annum.
  • I am a first time buyer of a leasehold flat in Yate. The lease has only 64 years unexpired and ground rent is £75. Is it possible for the homeowner to serve the Section 42 Notice and then transfer over the right to me as the buyer on the day of completion so that I can avoid waiting for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time consuming to the current owner? Unfortunately it’s the case of an missing freeholder, so I am not sure how this will play out.
  • Me and my partner are considering buying a three bed flat in Yate which is a leasehold. I am enquiring as to the pros and cons of that - what occurs when lease expires, how much it costs to extend it, can the freeholder of the property evict me from my own flat and prevent me from having a lease extension?
  • I intend to buy a one bed flat in Yate for asking price of 145k, which has 72 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 surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • My husband has a share of freehold, with two other leaseholders in a building in Yate. House converted into three flats. He has a lease, which has about fivety eight yrs left. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • Me and my OH are hoping to purchase a home (a ground floor flat inYate with share of freehold). During our search, we were always looking at apartments that had a minimum eighty five years left. We came across a flat we fell in love with and the selling agent assured that the lease was long albeit not specifying a number. This morning our conveyancing practitioners advised us the lease only has fivety six years and thus needs a lease extension. Do we run away, or do we reduce our offer?
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    Lease Extensions in Yate

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