FAQs concerning Covent Garden Lease Extensions

  • So this is the scenario: I invested in buying a ground floor flat in Covent Garden that I am finding difficult to sell as a result of the lease requiring a lease extension. What's your legal fee ?
  • I have shares in the freehold of buildings comprising of seven flats each. 2 of the leaseholders want to extend their leases and I'm curious about the procedure for this
  • I have a leasehold flat in Covent Garden. I have built a big extension and have not informed my freeholder. What should I do?
  • I have my suspicions that my niece is being hoodwinked. She put in an offer on a maisonette in Covent Garden, where the lease is circa fivety eight years but she was advised by the selling agents that the owner had extended it to 99 years. She has now been informed the vendor was waiting for her to appoint lawyers prior to commencing with the lease extension. Sounds odd to me, also it could take time to sort it all out. Am I reading too much into it?
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously advised that I have to have the finances in place before I set the ball rolling, is this correct?
  • I am in need of some help with a lease extension. I live in Glasgow but the property in question is based in Covent Garden. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • Just been over two years that I have been in my studio flat in Covent Garden. I have sixety years unexpired lease on the lease. I am now wanting to purchase a share of freehold or a lease extension. I purchased the property for 350K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Covent Garden based or any will do fine?
  • I'm intent on buying a flat in Covent Garden valued at £210,000 the flat has approaching 74 years left on the lease. My offer was conditional upon the lease being renewed... .. that was back in September, expecting I'd have moved in by now. The owner has just come back saying they are willing to knock £5k off if I deal with the lease extension myself. I'm unsure whether that's a good idea
  • I am planning on refinancing my one bedroom apartment in Covent Garden and the bank that I am looking to switch to requires a minimum 85 years remaining on the lease in order for them to take the mortgage forward. I have found that I currently have around seventy one years on the leasehold so require some help, guidance, and some quotes to start the lease extension process
  • I have seventy four years remaining on my lease of a ground floor flat in Covent Garden, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable

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