FAQs concerning Barbican Lease Extensions

  • I am in need of a rough estimate of what a lease extension will cost for a flat I would like to purchase. It has 67 years unexpired.
  • Do you only advise on lease extensions in Barbican? I own a flat in Abbey Wood with 90 years remaining, I am looking for a quote from a .
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Barbican, and my lease will reach seventy eight years this February. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • The intention is to sell our GFF in Barbican but we may need a lease extension, or at least cover the expense of our buyers. Can you suggest someone to assist?
  • I'm looking for an apartment to buy in Barbican and I'm not really familiar with the leasehold title. I've identified a two bedroom second floor purpose built flat I like with a 87 years lease. I've read that I can go for a lease extension after a couple of years, but:- Should I anticipate any issue with my proposed mortgage lender Accord Mortgages Ltd?
  • I am about to view a one bedroom flat, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has 70 years residual lease term on the lease. It is also a repossession so I'm assuming that the bank will not be interested in extending the lease. My primary concern is would the short lease make it difficult to secure a mortgage?
  • I am a FTB of a leasehold flat in Barbican. The lease has only sixety seven years residual lease term and ground rent is £50. Is it possible for the flat owner to serve the Section 42 Notice and then transfer over the right to me as the buyer once I complete the buying process so that I don't have to wait for the two 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 consuming to the homeowner? Unfortunately it’s the case of an missing freeholder, so I am not sure how this will play out.
  • My wife and I have a one bedroom flat in Barbican. There is 81 years left on the lease and we want a lease extension. How much will it likely cost to get a lease extension by, say,45 years
  • I own the freehold of a couple of flats. Someone has the lease on the garden flat in Barbican. I reside in the top flat. I was reviewing the title deeds yesterday when I noticed that my flat has a lease on it. There is 74 years left. Is it possible to do a lease extension without using a ?
  • We know that others in the same block had already had a lease extension, and the landlord seemed reasonable. It therefore appears worth taking risk of avoiding a formal survey and base the initial offer on on the premiums paid by others . This would save on double valuation fees. Would you suggest such a course of action?

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