Frequently asked questions relating to Loxford Lease Extensions

  • I have just completed on a garden flat inLoxford and I'm considering extending the lease as soon as I can e.g. in two years
  • I have got a leasehold flat in the Loxford area and was wondering whether I could obtain a lease extension. What are your processes and charges. There are fivety five years left
  • I am looking to purchase a garden flat in Loxford with a lease of sixety eight years but not sure how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Loxford, and my lease will reach 70 years this December. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • I will soon view a one bedroom apartment, although not exactly my perfect property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has 72 years outstanding on the lease. It is also a repossession so I'm guessing that the bank will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?
  • I am a FTB of a leasehold flat in Loxford. The lease has only 59 years outstanding and ground rent is £25. Is it possible for the vendor to serve the Notice of Claim and then transfer over the right to me as the buyer once I complete the buying process so that I don't have to wait for the two year qualifying 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 consuming to the flat owner? To add to the complexity the freeholder can not be found, so I am not sure how does it work.
  • I have my suspicions that my daughter might have had the wool pulled over her eyes. She submitted an offer on a ground floor flat in Loxford, where the lease is nearly 57 years but she was informed by the estate agents that the seller had extended it to 125 years. She has now been told the flat owner was waiting for her to retain conveyancers before commencing with the lease extension. Sounds odd to me, also it will take time to sort it all out. Am I being too sceptical?
  • I an interested in finding out more about purchasing a leasehold residence. We intend to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Loxford area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?
  • I own 60% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around seventy four years. I need a lawyers at my end. Can you advise please? I live near Loxford and have a mortgage with Godiva Mortgages Ltd.
  • We are acquiring a maisonette in Loxford which has share of freehold and a leasehold. The lease was starting to get low so the owner is in the process of dealing with a lease extension. The seller’s lawyer has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the house buying process is for our lawyers to do a "priority search" on the lease. The concern here is that as a lease extension has been submitted we've been told by our property lawyers it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it correct that we must hold on until the lease extension has actually been registered before completing.?

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