Summertown Lease Extensions

Common questions relating to Summertown Lease Extensions

I invested in buying a flat in Summertown with a leasehold unexpired around 67 years and need to extend it. Please can you advise me of the next steps

I bought a property in Summertown and it has approximately 58 years outstanding. I'd like to extend the lease period

We bought a leasehold with a landlord who has not given us a counter-notice for a lease extension for our flat in Summertown and looking to do a vesting order. Is this something you can do for us?

I am concerned that my niece might be having the wool pulled over her eyes. She put in an offer on a one bedroom first floor purpose built maisonette in Summertown, where the lease is circa sixety five years but she was informed by the estate agents that the flat owner had extended it to 99 years. Only now has she been informed the current owner was holding off for her to appoint solicitors ahead of instigating the lease extension. Sounds underhand, also it will take time to sort it all out. Am I being too sceptical?

My husband and I have a first floor flat in Summertown with sixety eight years remaining. Last year we were quoted a deal to receive a lease extension for another thirty years but also uplift the ground rent from notional to a little more..plus a premium I think of approximately 16k. We have now decided to proceed but do we now have to renegotiate?

My OH and I are considering buying a three bedroom second floor purpose built flat in Summertown which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what happens when lease expires, the cost of a lease extension, can the freeholder of the property evict me from my own flat and block me from having 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?

I own the freehold of a couple of flats. Someone has the lease on the lower flat in Summertown. I live in the upper flat. I was looking at the land registry documents today when I noticed that my flat is leasehold. There is 60 years unexpired. If I want to do a lease extension then would I just be paying for the costs?

I know that others in the same block had already had a lease extension, and the landlord was amenable. It therefore appears worth taking risk of not having formal survey and calculate the initial offer on on the premiums paid by others . This would save on double valuation charges. Would you suggest this course of action?

I am planning on refinancing my studio flat in Summertown and the next lender that I am looking to move to requires a minimum 80 years on the leasehold of my property in order for them to progress matters. I have discovered that I currently have around sixety one years on the leasehold so looking for some advice, guidance, and some quotes to start the lease extension process

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