Lease Extensions in Abbey Wood

Frequently asked questions relating to Abbey Wood Lease Extensions

I’m about to offer on a one bedroom ground floor purpose built maisonette to buy in the Abbey Wood area and was curious how much would it cost for a lease extension? It has 59 years residual lease term...

I own a property in Abbey Wood and it has around 65 years left. I'd like to arrange a lease extension by twenty years

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 899 years balance left so a lease extension is not required. 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 information would be much appreciated.

Do you only undertake lease extensions in Abbey Wood? I own a flat in Acton with 90 years unexpired lease, I am looking for a quote from a .

I am a freeholder of a block of flats in Abbey Wood, and the leaseholders are in the process of being given lease extensions. I should hopefully get the money within a month or so. As I am not on self assessment do I get in touch with the Inland Revenue ?

My wife and I have a residential flat in Abbey Wood with seventy eight years to run. Last year we were quoted a deal to receive a lease extension for another 25 years but also uplift the ground rent from notional to a little more..plus a premium I think of approximately 10k. Finally we have decided to go ahead but do we now have to renegotiate?

We are proceeding with a purchase of a ground floor flat in Abbey Wood. I was advised by the EA that the lease extension had already been completed while on a viewing (63 years unexpired lease prior to extension). The description on the listing stated "sold with a long lease". It turns out as we are about to exchange of contracts we find that there has been no lease extension. The owner apparently has a quote but no funds to extend and consequently the current owner wants to exchange and use the my deposit for the lease extension. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?

Just been over 2 years that I have been in my garden flat in Abbey Wood. I have 66 years left on the lease. I am now looking either to purchase a share of freehold or a lease extension. I purchased the property for 320K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Abbey Wood based or any will do fine?

My wife and I are aware that others in the same block had already had a lease extension, and the landlord was amenable. Therefore is seems worth taking risk of not having formal survey and calculate the initial offer on previous premiums paid . This would save on double valuation charges. Is this advisable?

I am currently negotiating a lease extension for my flat in Abbey Wood as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

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