Questions and Answers: Watlington Lease Extensions

  • I’m about to offer on a a property to purchase in the Watlington area and was enquiring how much would it cost to extend a lease? It has 59 years outstanding...
  • I have been in touch with my freeholder to extend my lease for my flat in Watlington. His lawyers has been in contact concerning fees etc. I need a quote for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started December 1992.
  • The intention is to sell our maisonette in Watlington but we may require a lease extension, or possibly cover the expense of our buyers. Can you help me find a lawyers to assist?
  • I am a first time buyer of a leasehold flat in Watlington. The lease has just 56 years left and ground rent is £95. Is it possible for the homeowner to serve the Section 42 Notice and then assign this right to me as the buyer once I complete the buying process so that I don't have to wait 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 flat owner? To add to the complexity it’s the case of an missing landlord, so I am not sure how does it work.
  • I am considering purchasing an auction property and found a studio flat in Watlington. It only has a 50 year lease..the vendor being mortgagees in possession dont want the aggravation of seeking a lease extension..what are the drawbacks of this other than the expensive fee to extend the lease and decreased chance of getting a mortgage with Virgin Money?
  • I own a purpose-built flat located in a large block in Watlington. The leasehold interest in the apartment on a 101 year lease which commenced on 21st November 1969 with a non-reviewable ground rent of £15 per annum. I would like to obtain a lease extension. Is it possible for me to call someone to go through my options please?
  • I am the freeholder of a 1930’s property split into two apartments. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 57 years. What are my next steps?
  • Me and my sister have been in discussion with our freeholder after having a valuation on our garden flat in Watlington. We have a fivety four year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a solicitors to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I'm looking at buying an apartment in Watlington at a price of £210,000 the flat has just under 56 years remaining on the lease. My offer was conditional upon the lease being extended... .. that was back in August, expecting I'd have completed before now. The owner has just come back saying they'll reduce the price by£8k if they don't have to deal with the lease extension. I'm not sure whether that's a good idea
  • Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Watlington for a two bed flat - sec 42 having been issued?
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    Lease Extensions in Watlington

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