Recently asked questions relating to Aldermanbury Lease Extensions

  • Hi, I am looking somewhere around or in Aldermanbury 8-10 years lease remaining houses. I dont know if I am on the correct site. Can I find lease remaining houses from here?
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Aldermanbury, and my lease will reach seventy nine years this April. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the Tribunal court?
  • I plan on buying a flat based in Aldermanbury. The offer is subject to the lease extension. The seller’s has served 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 Yorkshire Building Society. 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 2 bed flat in Aldermanbury, and would like some figures on that.
  • I would like to know the likely charges and the optimum way to start the lease extension process? I have about 67 years left and I own a ground floor flat in Aldermanbury.
  • Me and my partner would like to know the cost of a lease extension valuation for a property based in Aldermanbury. Is this something you can help us with?
  • I'm living at mother and father but have a garden flat in Aldermanbury let out which has a 63 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 Aldermanbury 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?
  • Coming up to two years that I have owned my three bedroom first floor purpose built maisonette in Aldermanbury. I have seventy seven years outstanding on the lease. I am now looking either to buy a share of freehold or a lease extension. I acquired the property for 342K, 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: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
  • We are hoping to buy a home (a garden flat located inAldermanbury with share of freehold). Throughout our search, we were always looking at flats that had a minimum 83 years outstanding. We found a apartment we fell in love with and the selling agent assured that the lease term was not an issue. Today our advised us the lease only has 64 years and thus requires a lease extension. Should 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?
  • I am worried about seeking a lease extension from a difficult freeholder. Regardless of the fact that the correct procedures were followed under the 1993 Act, the freeholder still attempted to charge ground rent of £200 doubling every 25 years of the new lease. Can you help?

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