Questions and Answers: Bethnal Green Lease Extensions

  • I’ve just purchased a ground floor flat inBethnal Green and I'm deliberating a lease extension as soon as I can e.g. after 24 months of ownership
  • I need to negotiate a lease extension for a flat in Bethnal Green and want to use a local . Are you able to help me find a ?
  • I plan on buying a flat located in Bethnal Green. My offer is subject to the lease extension. The flat owner’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 Leeds Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I am deliberating whether to purchase the freehold or a lease extension of my property in Bethnal Green and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously get a new mortgage with Godiva Mortgages Ltd to release of equity. The adviser dealing with the remortgage suggested I get two quotes : one for the lease extension and one for outright acquisition .The lease began in 1972 and since then the ground rent has been raised from £25.00 per annum to £200 per annum.
  • I own a leasehold flat in Bethnal Green. I have built a huge extension and have not informed my leaseholder. What should I do?
  • I will soon view a one bedroom flat, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has sixety one years residual lease term on the lease. It is also a repo 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 concerned that my niece is being hoodwinked. She submitted an offer on a maisonette in Bethnal Green, where the lease is about seventy three years but she was informed by the estate agents that the current owner had extended it to 125 years. Only now has she been informed the vendor was waiting for her to appoint lawyers ahead of instigating the lease extension. Sounds underhand, also it could take a while to sort it all out. Am I being too sceptical?
  • I am the freeholder of a Georgian property split into two apartments. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy eight years. What are my next steps?
  • I'm looking at buying an apartment in Bethnal Green at a price of £256,000 the flat has approximately sixety one years remaining on the lease. I put in an offer conditional upon a lease extension... .. that was back in August, hoping I'd have completed by now. They have just come back saying that they are prepared to reduce the price by£8k if they don't have to deal with the lease extension. I'm not sure if I should take them up on the offer
  • My brother and I are buying a maisonette in Bethnal Green which has share of freehold and a leasehold. The lease was on the short side so the seller is in the process of extending the lease. The seller has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the conveyancing process is for our to do OS1 search on the lease. The concern 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 is not known. Is it correct that we must be patient until the new lease is registered?

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