Frequently asked questions relating to Dorchester On Thames Lease Extensions

  • I agreed with the head landlord for a lease extension on our flat located in Dorchester On Thames, 18k for another 90yrs. Can you please guide us with this situation ?
  • I’m about to offer on a one bedroom apartment to buy in the Dorchester On Thames area and was interested in finding out what the likely fees would be for a lease extension? It has 66 years outstanding...
  • We are in a building consisting of four flats in Dorchester On Thames and have been offered to buy the freehold for £6000 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'm looking for an apartment to buy in Dorchester On Thames and I'm not really familiar with the leasehold tenure. I've found a two bedroom first floor purpose built flat I like with a 82 years lease. My research reveals that I can apply for a lease extension after 2 years, but:- Is this a given?
  • I am a FTB of a leasehold flat in Dorchester On Thames. The lease has just fivety nine years residual lease term and ground rent is £95. Is it possible for the current owner to serve the Initial Notice and then transfer this right to me as the purchaser once I complete the buying process 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 may be possible but will it be very time costly to the vendor? To add to the complexity the landlord is absent, so I am not sure how this will play out.
  • How much will it cost me and what is the best way to get a lease extension started? I have approximately sixety five years remaining on my lease on a garden flat in Dorchester On Thames. I have contacted the managing agents who act on behalf of the head landlord and they gave me the number for the surveyor. I telephone the valuer but I am not getting any returned calls.
  • Just been over two years that I have been in my garden flat in Dorchester On Thames. I have 62 yrs left on the lease. I am now looking either to buy a share of freehold or extend my lease. I purchased the property for 350K, it is now roughly 445k. 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 financing - do they add it to their existing mortgage or pay it out in cash?
  • If a leaseholder owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
  • I'm intent on purchasing a flat in Dorchester On Thames at a price of £210,000 the flat has something like sixety four years unexpired on the lease. I put in an offer conditional upon the lease being renewed... .. that was back in August, expecting I'd be in by Christmas. The owner has just come back saying that they are prepared to reduce the price by£2k if I deal with the lease extension myself. I'm not sure if I should take them up on the offer
  • I'm hoping for some advice with regard to extending the lease on my maisonette. I'll be looking to do this next winter as we need to move 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. You are able to recommend a good who specialises in lease extensions. Preferably nearby in Dorchester On Thames?

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