Oldland Lease Extensions: Q and A’s

  • Hello. I need a conveyancing practitioners to have a look at my lease extension prior to it being signed just to ensure there's nothing that I haven't seen - it's just a surrender and regrant with a few small amendments.
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Oldland, and my lease will reach 64 years this Septembmer. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • Think I may have made an error, I am seeking a solicitors in Oldland who has Leasehold Tribunal expertise when it comes to lease extensions. Are you able to assist me with?
  • We bought a leasehold with a freeholder who has failed to give us a counter-notice for a lease extension for our flat in Oldland and looking to do a vesting order. Is this something you can help us with?
  • I am looking to either purchase the freehold or a lease extension of my property in Oldland and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a refinance with Nottingham Building Society to free up equity. My adviser dealing with the remortgage suggested I get two quotes : one for the lease extension and one for the freehold acquisition .The lease began in 1972 and since then the ground rent has been raised from £38.00 per annum to £200 per year.
  • We had entered into a purchase of a one bedroom apartment in Oldland. I was advised that the lease had been extended (59 years remaining prior to extension). The description on the listing stated "sold with a long lease". It turns out as we are about to exchange of contracts we find that there has been no lease extension. The current owner apparently has a quote but no funds to extend and consequently the owner wishes to exchange and use the 10% deposit for the lease extension. My question is how is possible that the estate agent got it so wrong?
  • We would like to know the cost of a lease extension valuation for a property based in Oldland. Is this something you can assist us with?
  • I'm living with my mother and father but have a one bedroom first floor purpose built maisonette in Oldland let out which has a 78 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Oldland for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Not sure sure whether to hold on or sell the flat?
  • I note that your website states the likely fee to extend a lease is £495. Is that the all inclusive cost including vat and the land registry fee? The price has already been negotiated with the freeholder for the lease extension for my studio flat in Oldland
  • We currently own a garden flat in Oldland and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has sixety seven years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Can you offer some advice on this? Should I contact the landlord first and will they be able to give me a cost?
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    Lease Extensions in Oldland

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