Common Edge Lease Extensions: Q and A’s

  • I am looking to extend the lease on my three bedroom first floor purpose built flat in Common Edge which will have 61 years outstanding in November. What fees do you charge for this?
  • We have seen a house for sale for £195k and we are very keen on but we've just found out that it is leasehold. There are 899 years outstanding so a lease extension is not a worry. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any guidance would be much appreciated.
  • I am about to put an offer in on a garden flat in Common Edge with a lease of 79 years but have no idea how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • My flat in Common Edge is up for sale and I have a hopefully firm offer. There is eighty one years remaining on the lease and I want to extend the lease. How much does it cost on average to extend in this location by, say,twenty years
  • We wish to extend our lease. We will have been in the property for 2 years as of 22nd May 2015. It has nearly seventy two years remaining currently. Hoping to get a lease extension by another 90 years as expeditiously and stress free as possible.
  • Me and my wife are proceeding with buying a one bedroom apartment in Common Edge. I was advised by the EA that the lease extension had already been completed while on a viewing (seventy six years left prior to extension). The sales particulars stated "sold with a long lease". It transpires at the point of exchange of contracts we find that the lease has not been extended. The seller apparently has a quote but no funds to extend as a result the vendor wishes to exchange and use the 10% deposit to extend the lease. My question is why has this only just been brought to my attention by my ?
  • My nephew has a share of freehold, with two other leaseholders in a building in Common Edge. House converted into three flats. He has a lease, which has about 64 years outstanding. How much would it cost for a lease extension and how many years would he need to extend by?
  • I own 70% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around seventy four years. I need a at my end. Can you advise please? I live near Common Edge and have a mortgage with Lloyds TSB Bank.
  • I am the freeholder of a 1930’s property split into two flats. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current fivety eight years. What are my next steps?
  • I own the freehold of a couple of flats. Someone has the lease on the garden flat in Common Edge. I reside in the upper flat. I was looking at the land registry documents today when I noticed that my flat has a lease on it. There is 77 years remaining. If I want a lease extension then would I simply be paying for the costs?
  • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Common Edge