Oakleigh Park Lease Extensions: Q and A’s

  • My name´s William. I’m house hunting in Oakleigh Park I'm seeing a studio flat online, with approximately seventy seven years remaining, how much will it likely cost to get a lease extension by, say, 35 years?
  • I'm planning to make an offer on a house in Oakleigh Park 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 TSB giving us the mortgage now?
  • I am looking to buy a garden flat in Oakleigh Park with a lease of 79 years but have no idea what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • I need to talk to you about a leasehold property in Oakleigh Park, I am considering bidding at auction next month. The flat has a short lease and I was wondering about how much it would cost to get a lease extension and for your services.
  • I'm looking for a flat to purchase in Oakleigh Park and I'm not really familiar with the leasehold title. I've identified a place I like with a 90 years lease. I've read that I can apply for a lease extension after a couple of years, but:- Should I anticipate any issue with the mortgage?
  • I am a freeholder of a block of flats in Oakleigh Park, and the lessees are in the process of being given lease extensions. I should hopefully get the money within a month or so. Are there any tax implications, the property is co-owned with my wife ?
  • We have a first floor flat in Oakleigh Park with 58 years unexpired. Ten months ago we were quoted a deal to have a lease extension for a further 25 years but also uplift the ground rent from nominal to a little more..plus a premium I think of approximately 10k. Finally we have decided to go ahead but do we now have to start the negotiations again?
  • We wish to extend our lease. We will have been in the flat for 2 years as of 1st Feb 2015. It has circa 77 years remaining currently. Hoping to get a lease extension with a further 90 years as expeditiously and stress free as is reasonably achievable.
  • My partner and I had entered into buying a maisonette in Oakleigh Park. I was advised by the EA that the lease extension had already been completed while on a viewing (sixety eight years remaining prior to extension). The description on the listing said "sold with a long lease". It transpires as we are about to exchange of contracts we find that the lease has not been extended. The current owner supposedly has a quote but no money to extend as a result the current owner wants to exchange and use the 10% deposit to extend the lease. My question is as the lease hasn't been extended is there not a danger that it would breach my lenders lease length criteria?
  • I am the freeholder of a Edwardian property split into two apartments. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 70 years. What are my next steps?

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