Bloxham Lease Extensions

Sample questions relating to Bloxham Lease Extensions

I have got a leasehold flat in the Bloxham area and was curious whether I could obtain a lease extension. What are your processes and fees. Has seventy four years balance left

I am looking for a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has 62 years outstanding.

I am going to purchase a flat in Bloxham. The offer is conditional upon a lease extension. The flat owner’s has served the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Nottingham Building Society. Moreover, which are the following lease extension steps to complete the purchase?

My co-lessees and I are in a building containing three flats in Bloxham and have been offered to buy the freehold for £5000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?

I am a first time buyer of a leasehold flat in Bloxham. The lease has only fivety five years balance left and ground rent is £50. Is it possible for the seller to serve the Initial Notice and then transfer over the right to me as the purchaser once I complete the buying process so that I don't have to wait for the 2 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 achievable but will it be very time costly to the vendor? To add to the complexity the freeholder can not be found, so I am not sure how does it work.

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?

Just been over two years that I have been in my studio flat in Bloxham. I have 68 years outstanding on the lease. I am now wanting to purchase a share of freehold or a lease extension. I purchased the property for 342K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my 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 funding the lease extension - do they add it to their existing mortgage or pay it out in cash?

My wife and I are concerned about getting a lease extension from tricky freeholder. Regardless of the fact that the correct procedures were adhered to under the 1993 Act, the landlord still tried to get ground rent of £300 doubling every 25 years of the new term. Can you help?

I require an estimate to extend my mum’s lease on a 2 bed flat in Bloxham. She already has a price from the freeholder for a lease extension but I am unclear whether it is too high.

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

Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Bloxham