FAQs concerning Birchgrove Lease Extensions

  • Hi, I just randomly found this website. I'm seeking prices on what it cost to extend a lease of a one bedroom apartment in Birchgrove. It's up for sale at the moment but has about 72 years remaining on the lease
  • I am looking for a in Birchgrove and they need to be on the Bank of Ireland approved conveyancers panel as we need a lease extension and remortgage simultaneously. Are you able to recommend any please ?
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I am a first time buyer of a leasehold flat in Birchgrove. The lease has just sixety years residual lease term and ground rent is £95. Is it possible for the owner to serve the Section 42 Notice and then transfer this right to me as the buyer on the day of completion so that I don't have to wait for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time consuming to the current owner? To add to the complexity it’s the case of an absent freeholder, so I am not sure how does it work.
  • I note that your website states the likely fee to extend a lease is £495. Is that the total cost including vat and the HMLR fee? The premium has already been negotiated with the freeholder for the lease extension for my studio flat in Birchgrove
  • Hi I am the freeholder title in a 2 bedroom flat in Birchgrove. The leaseholder has a seventy eight year lease and would like to purchase an additional 90 years. He is offering me £21,000 but I am not sure if this is too low an offer
  • I'm looking at buying an apartment in Birchgrove at a price of £210,000 the flat has something like seventy two years remaining on the lease. My offer was conditional upon the lease being extended... .. that was back in June, expecting I'd be in by Christmas. They have just informed me they'll reduce the price by£8k if they don't have to deal with the lease extension. I'm not sure whether that's a good idea
  • I have seventy one years remaining on my lease of a ground floor flat in Birchgrove, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
  • I am currently negotiating a lease extension for my flat in Birchgrove 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?
  • Do you handle lease extensions on land? (a plot of land in Birchgrove with 82yrs remaining)

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