Lease Extensions in Barking

Sample questions relating to Barking Lease Extensions

I invested in buying a flat in Barking with a leasehold unexpired around seventy eight years and need to extend it. Please can you clarify the next steps

I would like to have my residential flat leasehold extension premium assessed. The flat is in Barking, and my lease will reach 66 years this October. 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 am the registered owner of a two bedroom second floor purpose built flat in Barking. The lease commenced in 1997 for 99 years. Now I am wanting for a lease extension. I am not entirely sure about additional expenses, could you tell me please how much I should expect to spend on this?

If somebody owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?

Me and my sister are are hoping to complete on a garden flat in Barking which has share of freehold and a leasehold. The lease was starting to get low so the owner commenced extending the lease. The vendor has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our to do a "priority search" on the lease. The problem 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 property title number has not been issued. Is it correct that we must be patient until the lease extension has actually been registered before completing.?

Hopefully an easy question for you, how much does it cost for a lease extension on a residential property in Barking for a one bed flat - section 42 having been issued?

I am the registered freeholder of a couple of flats. Someone has the lease on the garden flat in Barking. I live in the top flat. I was reviewing the land registry documents recently when I noticed that my flat is leasehold. There is seventy five years unexpired. Is it possible to carry out a lease extension without retaining a ?

I own the freehold reversion of a property in Barking and a leaseholder has requested a lease extension. Her so called valuation expert has given a figure of £9,000, but has increased this by £2,000 without too much effort. My valuer has put forward a much higher premium. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to a FTT, can I deal with this myself, just equipped with the valuations I have? If not, what fee would I be likely to incur?

I am planning on refinancing my maisonette in Barking and the bank that I am looking to move to needs a minimum 85 years on the leasehold of my property in order for them to take the mortgage forward. We currently have around seventy five years on the leasehold so looking for some advice, guidance, and some quotes to start the lease extension process

We have a studio flat in Barking with a lease of 58 years left with a value of around £290000 we want to add 90 years to it, how much is that likely to cost?

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