Recently asked questions relating to Summertown Lease Extensions

  • I have an interest in the freehold of 2 blocks of flats comprising of 8 flats each. 2 of the leasehold owners want a lease extension and I'm enquiring about the the process
  • I purchased a property in Summertown and it has about 76 years outstanding. I'd like to extend the lease period
  • I want to buy a leasehold property and lease extension. The current owner has been there for three 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 garden flat in Summertown with a leasehold unexpired of 64 years. I am curious about what I will need to spend to extend my leasehold
  • I am looking to buy a three bedroom second floor purpose built flat in Summertown with a lease of fivety four years but not sure how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • My neighbours and I are in a block containing five flats in Summertown and have been offered to buy the freehold for £5000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • My mortgage lender is requesting a £450 fee for their conveyancers to agree a lease extension for my flat in Summertown... I can find no mention of this in my mortgage contract... is this a usual cost that they charge?
  • I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • We currently own a garden flat in Summertown 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 73 years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Can you offer some advice on this? Do I contact the freeholder first and will they be able to give me a cost?
  • I have a lease of 78 years remaining on my flat in Summertown. 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 Summertown

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