FAQs concerning Little Oakley Lease Extensions

  • I have shares in the freehold of 2 blocks of flats comprising of 8 flats each. Two of the leasehold owners want to extend their leases and I'm wondering about the the process
  • I need to extend my existing lease can you help me with that? My investigation with the Land Registry reveal that it has 71 years outstanding
  • I am looking for a in Little Oakley and they should be on the Chelsea Building Society approved conveyancers panel as we need a lease extension and remortgage simultaneously. Are you able to recommend any please ?
  • The terms for the lease on my apartment in Little Oakley are 95 years from 10 Feb 1980. Can you supply me me a quote to extend the lease if I give you more information please?
  • I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • My father has a share of freehold, with two other leaseholders in a building in Little Oakley. House divided into three flats. He has a lease, which has slightly more than seventy five years 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?
  • If somebody owns a flat with a lease of under 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?
  • My daughter is aware that others in the same building previously had a lease extension, and the landlord seemed amenable. It therefore appears worth taking risk of not having formal valuation and base the initial offer on on the prices by others . This would save on double valuation fees. Would you recommend such a course of action?
  • I am currently negotiating a lease extension for my flat in Little Oakley 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?
  • I have a lease of 77 years remaining on my flat in Little Oakley. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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