Summertown and Botley Lease Extensions: Q and A’s

  • We have seen a house for sale for £185,000 and we are very interested but we've just found out that it is leasehold. There are 798 years residual lease term so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any help would be much appreciated.
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Summertown and Botley, and my lease will reach 75 years this April. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • We are in a block comprising four flats in Summertown and Botley and have been offered to buy the freehold for 5k 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?
  • Possibly made a mistake, I am searching for a in Summertown and Botley who has Leasehold Tribunal expertise when it comes to lease extensions. Is this something you can help me with?
  • I need to talk to you about a flat in Summertown and Botley, I am thinking of buying at auction next month. The flat only has a few years outstanding and I am curious about how much it would cost to get a lease extension and for your services.
  • I own a purpose-built apartment located in a small block in Summertown and Botley. The leasehold interest in the flat on a 101 year lease which commenced from 2nd March 1969 with a non-reviewable yearly rent of 20. I wish to obtain a lease extension. Is it possible for me to call someone to discuss my options please?
  • My dad has a share of freehold, with two other leaseholders in a building in Summertown and Botley. House divided into three apartments. He has a lease, which has around 66 years unexpired lease. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • If a leaseholder 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 extending the lease?
  • I own the freehold reversion of a property in Summertown and Botley where the leaseholder has requested a lease extension. Her so called valuation expert has suggested a figure of £8,000, but has increased this to £10,000 without too much effort. My surveyor has recommended a much higher figure. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to tribunal, can I handle the matter myself, just equipped with the valuations I have? If not, what fee would I be likely to incur?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my one bedroom apartment in Summertown and Botley

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