Lease Extensions in Watlington

Frequently asked questions relating to Watlington Lease Extensions

I own a flat in Watlington with a leasehold unexpired circa fivety five years and need to extend it. Please can you clarify the next stages

I need to negotiate a lease extension for a flat in Watlington and want to use a local . Is there a that you can recommend?

I bought a garden flat in Watlington. The start date for the lease was in 1992 for 99 years. Now I am wanting to extend the lease. I am not entirely sure about additional expenses, could you tell me please how much I should expect to spend on this?

I plan on buying a flat located in Watlington. My offer is subject to the lease extension. The owner’s has served the Section 42 Notice. 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 Santander. Moreover, which are the following lease extension steps to complete the purchase?

I am looking into the costs of carrying out a lease extension for my one bedroom apartment in Watlington, and would like some figures on that.

I am looking to either purchase the freehold or a lease extension of my property in Watlington and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously remortgage with Barnsley Building Society to release of equity. My broker handling the remortgage suggested I get two estimates : one to extend the lease and one for the freehold acquisition .The lease began in 1979 and since then the ground rent has been raised from £25.00 per annum to £100 per year.

I have a share of the freehold. There are five flats in the block. All the leaseholders are now seeking lease extensions. What's your solicitors fee?

I'm living at mum and dad but have a garden flat in Watlington let out which has a sixety nine year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Watlington for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Not sure sure whether to hold on or sell the flat?

We are are hoping to complete on a three bed flat in Watlington which has share of freehold and a leasehold. The lease was on the short side so the seller commenced dealing with a lease extension. The seller has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the house buying process is for our to do a "priority search" on the lease. The concern here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new lease title number is not known. Is it right that we have to hold on until the new lease is registered?

We know that others in the same building previously had a lease extension, and the freeholder was amenable. It therefore appears worth taking risk of avoiding a formal survey and calculate the initial offer on previous prices . This would save on double valuation fees. Is this advisable?

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