Frequently asked questions relating to Oldham Lease Extensions

  • I'm about to make an offer on a house in Oldham but I'm concerned 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 Barclays Direct giving us the mortgage now?
  • I want to buy a leasehold property and extend the lease. The owner has been there over two years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I'm looking for an apartment to buy in Oldham and I'm not really familiar with the leasehold title. I've identified a one bedroom apartment I like with a 91 years lease. I've read that I can go for a lease extension having owned the property for a couple of years, but:- Is this a given?
  • I am a first time buyer of a leasehold flat in Oldham. The lease has only sixety six years left and ground rent is £95. Is it possible for the vendor to serve the Section 42 Notice and then transfer over the right to me as the buyer on the day of completion so that I can avoid waiting 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 costly to the owner? Unfortunately the freeholder is absent, so I am not sure how this will play out.
  • What will I need to spend and what is the best way to get a lease extension started? I have approximately 54 years left on my lease on a garden flat in Oldham. I have called the managing agents who act on behalf of the freeholder and they provided me with the number of the valuer. I telephone the valuer but I am not receiving any kind of answer.
  • I am looking at buying an auction property and identified a one bed flat in Oldham. It has just 41 year lease..the current owner as mortgagees in possession will not want the aggravation of negotiating a lease extension..what are the disadvantages of this except for the huge fee to extend the lease and decreased chance of obtaining a mortgage with Yorkshire Building Society?
  • I am the freeholder of a Georgian property split into two flats. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 66 years. What are my next steps?
  • I am in need of some help with a lease extension. I live in Glasgow but the flat in question is based in Oldham. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I'm intent on purchasing an apartment in Oldham valued at £210,000 the flat has approaching sixety six years unexpired on the lease. I put in an offer subject to a lease extension... .. that was back in November, expecting I'd have completed before now. They have just come back saying that they are prepared to reduce the price by£8k if they don't have to deal with the lease extension. I'm not sure whether that's a good idea
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my maisonette in Oldham

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