Top Ten Questions relating to Canvey Island Lease Extensions

  • I am looking to buy a ground floor flat in Canvey Island with a lease of seventy seven years but have no idea what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • The terms for the lease on my apartment in Canvey Island are 99 years from 1 Jan 1980. Can you provide me a quote to extend the lease if I give you more specifics please?
  • My mortgage lender requires several hundred pounds for their solicitors for a "deed of substituted security" for the lease extension for my flat in Canvey Island... I am unable to find any reference of this in my mortgage booklet... is this a usual cost that they charge?
  • We wish to extend our lease having owned the property for 2 years as of 13th Jan 2015. It has around 71 years remaining currently. Hoping to get a lease extension with a further 90 years as expeditiously and stress free as is reasonably achievable.
  • My wife and I are proceeding with a purchase of a garden flat in Canvey Island. I was advised that the lease had been extended (55 years unexpired lease prior to extension). The description on the listing said "sold with a long lease". It transpires as we are about to exchange of contracts we find that the lease has not been extended. The current owner supposedly has a quote but no finances to extend as a result the current owner wishes to exchange and use the 10% deposit to extend the lease. My question is is it not odd that my solicitors failed to spot this far earlier than just before exchange?
  • I own a purpose-built apartment located in a large development in Canvey Island. The leasehold interest in the flat on a 101 year lease which commenced from 11th March 1970 with a fixed ground rent of £10 per annum. I would like to obtain a lease extension. Is it possible for me to call someone to discuss my options please?
  • I'm living at mum and dad but have a studio flat in Canvey Island let out which has a 60 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 Canvey Island 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 13k. Not sure sure whether to hold on or sell the flat?
  • Me and my wife have been in discussion with our freeholder after having a valuation on our garden flat in Canvey Island. We have a 55 year lease and we wish to increase this to 99. The Freeholder has supplied us with a financial figure that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a property lawyers to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I own the freehold reversion of a property in Canvey Island and a leaseholder has requested a lease extension. Her so called valuation expert has given a figure of £8,000, but has increased this by £2,000 at the drop of a hat. My valuer has come back with £12,520. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to tribunal, can I handle the matter myself, just equipped with the valuations I have? If not, what fee would I be likely to face?
  • We have a one bedroom apartment in Canvey Island with a lease of 73 years left with a value of around £290000 we want to add 90 years to it, how much is that likely to cost?
  • Other Topics

    Lease Extensions in Canvey Island

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