Shrivenham Lease Extensions

Shrivenham Lease Extensions: Q and A’s

So this is the scenario: I acquired a one bedroom second floor purpose built flat in Shrivenham that I now cannot sell due to the lease requiring a lease extension. What's your solicitors fee ?

I want to acquire a leasehold property and lease extension. The vendor has been there over 2 years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?

I bought a three bedroom second floor purpose built flat in Shrivenham with a leasehold unexpired of seventy one years. I am enquiring about how much I will need to spend to extend my lease term

I am going to purchase a flat located in Shrivenham. The offer is conditional upon a lease extension. The flat owner’s has given to the freeholder the Notice of Claim. 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 Nottingham Building Society. Moreover, which are the following lease extension steps to complete the purchase?

I am concerned that my daughter might be having the wool pulled over her eyes. She put in an offer on a studio flat in Shrivenham, where the lease is around fivety five years but she was informed by the selling agents that the homeowner had extended it to 99 years. She has now been advised the flat owner was holding off for her to instruct lawyers ahead of instigating the lease extension. Sounds underhand, also it could take a while to sort it all out. What do you think?

Offer accepted on a a studio flat in Shrivenham, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer sent through which states the lease as eighty years.Contracts were due to be exchanged in a couple of days. My query is Should I tell the current owner that I will only proceed with the purchase (at the same price) on the condition they carry out a lease extension?

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?

Although I do not need a lease extension but I do need a vesting order on a property I want to purchase in Shrivenham. The house is freehold but the garden is officially leasehold, 995 year lease from 1895. Its the rear garden.

If somebody owns a flat with a lease of under 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 doing it?

Do you handle lease extensions on land? (a plot of land in Shrivenham with 82yrs remaining)

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