Questions and Answers: Oval Lease Extensions

  • I have just acquired a garden flat based inOval and I'm thinking about a lease extension as soon as possible e.g. after 24 months of ownership
  • My partner has an apartment located in Oval which we are about to put on the market. The leasehold has about 70 years unexpired on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we commence arranging a lease extension? Thank you.
  • I'm wanting to make an offer on a house in Oval 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 Aldermore giving us the mortgage now?
  • Hi. I need someone to have a look at my lease extension before it's formalised just to make sure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor changes.
  • I plan on buying a flat based in Oval. The offer is subject to the lease extension. The vendor’s lawyers has given to the freeholder the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Godiva Mortgages Ltd. Moreover, which are the following lease extension steps to complete the purchase?
  • My partner and I have a leasehold flat in Oval with sixety four years remaining. Last year we were quoted a deal to grant a lease extension for another thirty years but also increase ground rent from nominal to £300 per year..plus a premium I think of about 10k. Finally we have decided to move forward but do we now have to start the negotiations again?
  • I'm intent on acquiring a flat in Oval valued at £210,000 the flat has something like 68 years left on the lease. I put in an offer subject to a lease extension... .. that was back in August, hoping I'd be in by now. They have just informed the agent they are willing to reduce the price by£7k if they don't have to deal with the lease extension. I'm not sure if I should take them up on the offer
  • I'm seeking some help concerning a lease extension on my maisonette. 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. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
  • 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 second floor purpose built maisonette in Oval
  • I have a lease of fivety nine years remaining on my flat in Oval. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?
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    Lease Extensions in Oval

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