Examples of recent questions relating to Lease Extensions in Barnes Cray

  • So this is the scenario: I bought a ground floor flat in Barnes Cray that I am now unable to sell as a result of the lease requiring a lease extension. Can you please help me with this situation ?
  • I want to buy a leasehold property and extend the lease. The current owner has been there over 2 years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • My partner and I have a leasehold flat in Barnes Cray with 68 years to run. Last year we were quoted a deal to grant a lease extension for another 25 years but also uplift the ground rent from nominal to £300 per year..plus a premium I think of about 9k. We have now decided to go ahead but do we now have to start the negotiations again?
  • My flat in Barnes Cray is up for sale and I have a hopefully firm offer. There is 82 years unexpired on the lease and I want to extend the lease. What will it likely cost to extend in this area by, say,25 years
  • We are looking to extend our lease having owned the place for two years as of 1st March 2015. It has nearly fivety four years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as is reasonably achievable.
  • My solicitors (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • Coming up to 2 years that I have owned my three bed flat in Barnes Cray. I have 74 years unexpired lease on the lease. I am now wanting to purchase a share of freehold or extend my lease. I purchased the property for 320K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my property lawyers about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Barnes Cray based property lawyers or any will do fine?
  • Hi I am the freeholder reversion in a 2 bedroom flat in Barnes Cray. The leaseholder has a sixety six year lease and would like to purchase an additional 125 years. He is offering me £18,000 but I am not sure if this is in the right ballpark
  • Me and my husband are hoping to acquire a property (a garden flat based inBarnes Cray with share of freehold). Throughout our search, we were always looking at properties that had a minimum eighty five years left on the lease. We identified a flat we fell in love with and the estate agent promised us that the lease term was not an issue. This morning our conveyancers told us the lease only has seventy eight years and thus needs a lease extension. Do we walk away, or do we reduce our offer?
  • I am currently negotiating a lease extension for my flat in Barnes Cray 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 Barnes Cray