Recently asked questions relating to Canton Lease Extensions

  • I have got a leasehold flat in the Canton area and was curious if I could obtain a lease extension. What are your processes and fees. There are seventy four years remaining
  • I am looking for a rough estimate of what a lease extension will cost for a flat I intend to buy. It has 62 years unexpired.
  • I have a lease of seventy five years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • What will it cost me and what is the best way to get a lease extension started? I have slightly less than 66 years unexpired lease on my lease on a studio flat in Canton. I have emailed the managing agents who represent the freeholder and they provided me with the number for the valuer. I have contacted the surveyor but I am not receiving any returned calls.
  • I am thinking about buying an auction property and found a studio flat in Canton. It only has a fifty year lease..the current owner as mortgagees in possession will not want to mess around with applying for a lease extension..what are the disadvantages of this except for the huge fee to put a new lease on it and reduced chance of getting a mortgage with Bank of Ireland?
  • I have a share of the freehold. There are five apartments in the house. All the leaseholders are now seeking lease extensions. How long will take to get a lease extension?
  • I am the freeholder of a Georgian property split into two flats. 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 61 years. What are my next steps?
  • I'm living at mum and dad but have a garden flat in Canton let out which has a seventy eight year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Canton for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Not sure sure whether to hold on or sell the flat?
  • Although I do not need a lease extension but I do require a vesting order on a property I want to buy in Canton. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1889. Its the rear garden.
  • We are buying a studio flat in Canton which has share of freehold and a leasehold. The lease was on the short side so the seller commenced dealing with a lease extension. The vendor has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our solicitors to do a "priority search" on the property title. The concern here is that as a lease extension has been submitted we've been told by our conveyancers 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 wait until the lease extension has actually been registered before completing.?
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    Lease Extensions in Canton

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