Oadby Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Oadby Lease Extensions
My wife has an apartment based in Oadby which we are about to put on the market. The leasehold has about 72 years outstanding on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we get started on a lease extension? Thank you.
I plan on buying a flat based in Oadby. My offer is subject to the lease extension. The owner’s solicitors 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 Yorkshire Building Society. Moreover, which are the following lease extension steps to complete the purchase?
My co-lessees and I are in a block containing four flats in Oadby 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 purchase in Oadby and I'm not really familiar with the leasehold arrangement. I've identified a ground floor flat I like with a 90 years lease. My research reveals that I can apply for a lease extension having owned the property for a couple of years, but:- Should I be looking for some caveats that would prevent me for getting a lease extension?
I have my suspicions that my daughter is being hoodwinked. She submitted an offer on a one bedroom apartment in Oadby, where the lease is circa 72 years but she was told by the estate agents that the flat owner had extended it to 125 years. She has now been advised the seller was holding off for her to instruct lawyers ahead of instigating the lease extension. Seems unscrupulous, also it will take a while to sort it all out. Am I reading too much into it?
Regarding a leasehold in Oadby. GFF maisonette. 79 yrs remaining. I have an agreed lease extension to £12,000 for 115yrs. Landlord also insisted on Section 42 Notice which I think should not be necessary. Advice required.
We have a residential flat in Oadby with 60 years to run. Last year we were quoted a deal to receive a lease extension for a further fifty years but also uplift the ground rent from notional to a little more..plus a premium I think of approximately 10k. We have now decided to proceed but do we now have to start the negotiations again?
My partner and I have owned a leasehold flat for around fifteen years. There are fivety five years unexpired lease on the lease. Following a year of difficult negotiations through my property lawyers and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to LVT and would appreciate some independent thoughts.
We have been in discussion with our freeholder after having a valuation on our three bed flat in Oadby. We have a 64 year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that he 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 property lawyers to handle this for us. Can you please provide me what your costs would be to act on our behalf.
We know that others in the same block had already had a lease extension, and the landlord was amenable. Therefore is seems worth taking risk of not having formal valuation and calculate the initial offer on previous prices . This would save on double valuation fees. Would you suggest this course of action?