Frequently asked questions relating to Little Oakley Lease Extensions

  • I'm intending to make an offer on a house in Little Oakley but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Birmingham Midshires giving us the mortgage now?
  • I own a studio flat in Little Oakley. The start date for the lease was in 1997 for 99 years. Now I am wanting to extend the lease. I am unclear about further expenses, could you tell me please how much I should expect to spend on this?
  • The intention is to sell our garden flat in Little Oakley but we may need a lease extension, or at least cover the costs of our purchaser. Are you able to recommend someone to handle this?
  • I am a FTB of a leasehold flat in Little Oakley. The lease has only sixety nine years balance left and ground rent is £50. Is it possible for the homeowner to serve the Notice of Claim and then assign 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 is achievable but will it be very time consuming to the owner? Unfortunately it’s the case of an missing landlord, so I am not sure how does it work.
  • I am in need of a lease extension for my flat in Little Oakley and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • I am in need of some help with a lease extension. I live in Dublin but the property in question is based in Little Oakley. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • Just been over 2 years that I have been in my one bedroom apartment in Little Oakley. I have seventy six years outstanding on the lease. I am now looking either to purchase a share of freehold or extend my lease. I purchased the property for 342K, 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 funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
  • Me and my OH have been in discussion with our freeholder after having a valuation on our garden flat in Little Oakley. We have a 55 year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Little Oakley for a one bed flat - section 42 having been issued?
  • I am the freeholder of a property in Little Oakley where the leaseholder has requested a lease extension. Her so called valuation expert has suggested a figure of £9,000, but has upped this by £2,000 at the drop of a hat. My surveyor has come back with £12,520. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to a FTT, can I deal with this myself, just equipped with the valuations I have? If not, what fee would I be likely to incur?

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