Frequently asked questions relating to Oughtibridge Lease Extensions

  • I agreed with the landlord for a lease extension on our flat based in Oughtibridge, 6k for another 90yrs. How long is the process ?
  • I am looking to extend the lease on my one bedroom apartment in Oughtibridge which will have sixety four years remaining in August. What fees apply?
  • I'm wanting to make an offer on a house in Oughtibridge 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 Coventry Building Society giving us the mortgage now?
  • Think I may have made a mistake, I am actually looking for a in Oughtibridge who has Leasehold Tribunal expertise when it comes to lease extensions. Are you able to assist me with?
  • We invested in buying a leasehold with a landlord who has failed to give us a counter-notice for a lease extension for our flat in Oughtibridge and looking to do a vesting order. Is this something you can help us with?
  • I'm looking for a flat to purchase in Oughtibridge and I'm not really familiar with the leasehold concept. I've found a studio flat I like with a 90 years lease. I've read that I can go for a lease extension having owned the property for a couple of years, but:- Should I be looking at some conditions that would prevent me for getting a lease extension?
  • I am a first time buyer of a leasehold flat in Oughtibridge. The lease has only 55 years remaining and ground rent is £50. Is it possible for the owner to serve the Initial Notice and then assign over the right to me as the purchaser once I complete the buying process so that I can avoid waiting for the 2 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 is achievable but will it be very time costly to the seller? To add to the complexity the landlord can not be found, so I am not sure how this will play out.
  • I wondered if you could help me on how much it would financials and the best way to get a lease extension started? I have slightly less than 77 years unexpired lease and I own a garden flat in Oughtibridge.
  • I'm living with my parents but have a one bedroom first floor purpose built maisonette in Oughtibridge let out which has a fivety five 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 Oughtibridge 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 13k. Should I keep or sell the flat?
  • I have 72 years remaining on my lease of a ground floor flat in Oughtibridge, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high

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