Common questions relating to Southam Lease Extensions

  • I have shares in the freehold of 2 blocks of flats comprising of six flats each. 2 of the leasehold owners want to extend their leases and I'm curious about the procedure for this
  • We acquired a leasehold with a landlord who has failed to respond by way of a counter-notice for a lease extension for our flat in Southam and looking to do a vesting order. Is this something you can handle for us?
  • I am in need of a lease extension for my flat in Southam and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • My conveyancers (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 am in need of some help with a lease extension. I live in Belfast but the property in question is based in Southam. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I'm living with my mum and dad but have a two bedroom ground floor purpose built flat in Southam let out which has a 68 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 Southam 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 19k. Not sure sure whether to hold on or sell the flat?
  • Just been over 2 years that I have owned my ground floor flat in Southam. I have 74 yrs unexpired lease on the lease. I am now wanting to buy a share of freehold or a lease extension. 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 conveyancing practitioners about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Southam based conveyancing practitioners or any will do fine?
  • We are buying a ground floor flat in Southam which has share of freehold and a leasehold. The lease was on the short side so the seller commenced dealing with a lease extension. The seller has submitted the lease extension paperwork to HMLR. An essential part of the conveyancing process is for our solicitors to do a "priority search" on the lease. The concern here is that as a lease extension has been submitted we've been told by our solicitors it may not be possible to do this "priority search" right now as the new property title number is not known. Is it right that we must hold on until the new lease is registered?
  • I require an estimate to extend my mother’s lease on a garden flat in Southam. She already has a figure from the landlord for a lease extension but I am not sure it is reasonable.
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my maisonette in Southam
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    Lease Extensions in Southam

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