Recently asked questions relating to Onslow Village Lease Extensions

  • My wife and I are looking for lease extension for our flat based in Onslow Village and we don't fully understand the letter that we received from our landlord company. How long will it take?
  • We inherited a leasehold with a landlord who has failed to give us a counter-notice for a lease extension for our flat in Onslow Village and are therefore thinking about the option of a vesting order. Is this something you can do for us?
  • I am deliberating whether to purchase the freehold or a lease extension of my property in Onslow Village and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a remortgage with Norwich and Peterborough 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 1981 and since then the ground rent has increased from £25.00 per annum to £125 per annum.
  • I am thinking about purchasing an auction property and identified a studio flat in Onslow Village. It only has a 41 year lease..the seller as mortgagees in possession dont want the aggravation of applying for a lease extension..what are the disadvantages of this except for the expensive fee to put a new lease on it and decreased chance of getting a mortgage with Alliance & Leicester ?
  • Regarding a property in Onslow Village. GFF maisonette. 66 yrs left. I have an agreed lease extension to £20k for 125yrs. Landlord also insisted on Notice of Claim which I think is a bit over the top. Advice required.
  • I am looking to buy a one bed flat in Onslow Village for asking price of 145k, which has sixety one years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • Me and my husband would like to know the cost of a lease extension valuation for a property based in Onslow Village. Would you be able to help?
  • If somebody owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
  • I'm looking at acquiring an apartment in Onslow Village valued at £210,000 the flat has something like seventy nine years left on the lease. My offer was subject to the lease being extended... .. that was back in June, expecting I'd have completed before now. They have just informed the agent they are willing to reduce the price by£8k if they don't have to deal with the lease extension. I'm not sure if I should take them up on the offer
  • Just a quick question, how much are the legal fees for a lease extension on a residential property in Onslow Village for a three bed flat - sec 42 is already served?

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