Oundle Lease Extensions: Q and A’s

  • My OH agreed with the freeholder for a lease extension on our flat based in Oundle, 9k for an extension by 90yrs. Are you willing to help us with this situation ?
  • I invested in buying a ground floor flat based in Oundle with a leasehold unexpired of 73 years. I am enquiring about what it will cost me to extend my lease term
  • The intention is to sell our one bedroom apartment in Oundle but we may need a lease extension, or possibly cover the expense of our buyers. Are you able to help me find someone to undertake the legal formalities?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • I own 70% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around sixety years. I need a at my end. Can you advise please? I live near Oundle and have a mortgage with Bank of Scotland.
  • We are in the throws of buying a property (a studio flat inOundle with share of freehold). During our search, we were always looking at flats that had a minimum 83 years remaining. We came across a apartment we liked and the estate agent promised us that the lease was long albeit not specifying a number. Today our informed us the lease only has 79 years and thus needs a lease extension. Do we run away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I'm hoping for some advice with regard to a lease extension on my flat. I'll be looking to do this sometime next year as we need to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. You are able to recommend a good with expertise in lease extensions. Ideally nearby in Oundle?
  • We currently own a studio flat in Oundle 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 six years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Do you have some advice on this? Should I contact the freeholder first and will they be able to give me a cost?
  • I am currently negotiating a lease extension for my flat in Oundle 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?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my three bedroom first floor purpose built flat in Oundle

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