Frequently asked questions relating to Summertown and Botley Lease Extensions

  • Me and my wife have just completed on a garden flat inSummertown and Botley and I'm thinking about a lease extension as soon as I can e.g. after 24 months of ownership
  • I need to negotiate a lease extension for a flat in Summertown and Botley and want to use a local . Is there a that you can recommend?
  • I own a maisonette in Summertown and Botley. The lease commenced in 1997 for 99 years. Now I am wanting to extend the lease. I am not entirely sure about further expenses, could you tell me please how much I should expect to spend on this?
  • I plan on buying a flat in Summertown and Botley. My offer is conditional upon a lease extension. The vendor’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 Leeds Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • We are the registered owners of a leasehold with a freeholder who has not given us a counter-notice for a lease extension for our flat in Summertown and Botley and looking to do a vesting order. Is this something you can help us with?
  • I am a FTB of a leasehold flat in Summertown and Botley. The lease has just 57 years left and ground rent is £75. Is it possible for the current owner to serve the Notice of Claim and then transfer this right to me as the purchaser on the day of completion so that I can avoid waiting for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the seller? Unfortunately the freeholder can not be found, so I am not sure how does it work.
  • Offer accepted on a a one bedroom first floor purpose built maisonette in Summertown and Botley, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer come through which states the lease as eighty years.Contracts were due to be exchanged in a couple of days. My question is why has this only just been brought to my attention by my ?
  • 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 am planning to extend the lease on my three bedroom ground floor purpose built maisonette in Summertown and Botley I am looking for help to verify the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • We are hoping to purchase a flat (a studio flat located inSummertown and Botley with share of freehold). During our search, we were always looking at flats that had a minimum 83 years remaining. We came across a place we liked and the selling agent assured that the lease term was not an issue. Yesterday our told us the lease only has 69 years and thus needs a lease extension. Do we walk away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?

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