Common questions relating to Osidge Lease Extensions

  • We are thinking about a lease extension for our leasehold house based in Osidge and we are confused by the communication that we received from our freehold company. What's your legal fee?
  • I'm wanting to make an offer on a house in Osidge 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 bought a studio flat located in Osidge with a leasehold unexpired of seventy nine years. I am curious about what it will cost me to extend my leasehold
  • My co-lessees and I are in a block comprising five flats in Osidge and have been offered to buy the freehold for 7k 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?
  • Is it possible to talk with you about a flat in Osidge, I am thinking of buying at auction in the next few days. The flat has a short lease and I wanted to inquire about how much it would cost to get a lease extension and for your services.
  • We have owned a leasehold flat for approximately eighteen years. It now has 56 years left on the lease. Following a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to LVT and would welcome advice.
  • Just been over 2 years that I have been in my maisonette in Osidge. I have 69 yrs remaining on the lease. I am now looking either to buy a share of freehold or extend my lease. I purchased the property for 320K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process goes to the tribunal etc)?
  • My partner and I have been in discussion with our freeholder after having a valuation on our maisonette in Osidge. We have a seventy three year lease and we wish to increase this to 99. The Freeholder has supplied us with a financial figure 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 to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • I own the freehold reversion of a property in Osidge and a leaseholder would like a lease extension. Her valuer has provided a figure of £8,000, but has upped this by £2,000 at the drop of a hat. My valuer has come back with £12,520. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to tribunal, can I handle the matter myself, just equipped with the valuations I have? If not, what charges would I be likely to incur?
  • I am currently negotiating a lease extension for my flat in Osidge as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

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