Top Ten Questions relating to Avery Hill Lease Extensions

  • I'm about to make an offer on a house in Avery Hill but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Platform Home Loans Ltd giving us the mortgage now?
  • We have seen a house for sale for £215k and we are very interested but we've just found out that it is leasehold. There are 798 years residual lease term so a lease extension is not a concern. 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 correct? We wouldn't want to pay a mortgage for 25 years without owning the property. Any feedback would be much appreciated.
  • I am looking to purchase a maisonette in Avery Hill with a lease of fivety four years but not sure how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • I am the owner of a maisonnette and the freehold reversion. The owners of the downstairs flat have asked for a lease extension what do I need to do?
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Avery Hill, and my lease will reach 74 years this January. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • I am the registered owner of a garden flat in Avery Hill. The lease commenced in 1997 for 99 years. Now I am looking to extend the lease. I am uncertain about further expenses, could you tell me please how much I should expect to spend on this?
  • I am going to purchase a flat based in Avery Hill. 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 Chelsea Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • Possibly made a mistake, I am searching for a in Avery Hill who has Leasehold Tribunal expertise when it comes to lease extensions. Is this something you can assist me with?
  • I acquired a one bedroom apartment in Avery Hill. I am looking to extend lease on the property. It is circa 80 years. I would just like to know what your charges are and how long it would take for completion.
  • My partner and I have a first floor flat in Avery Hill with 59 years remaining. Last year we were quoted a deal to have a lease extension for another thirty years but also uplift the ground rent from notional to £250 per year..plus a premium I think of about 9k. We have now decided to proceed but do we now have to renegotiate?

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