Common questions relating to Downham Lease Extensions

  • I have shares in the freehold of buildings comprising of seven flats each. 2 of the leasehold owners want a lease extension and I'm wondering about the the process
  • I want to buy a leasehold property and extend the lease. The owner has been there over two years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I am looking for a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has 77 years residual lease term.
  • I am looking to purchase a maisonette in Downham with a lease of 57 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.
  • I'm looking for a flat to buy in Downham and I'm not really familiar with the leasehold title. I've found a maisonette I like with a 82 years lease. I've read that I can apply for a lease extension having owned the property for a couple of years, but:- Should I anticipate any issue with the mortgage?
  • I am seeking advice as I am interested in a property that has only a 63 year lease and therefore requires a lease extension. Can I call someone to go through my options please?
  • Even though I may not need a lease extension but I do need a vesting order on a property I want to acquire in Downham. The house is freehold but the garden is officially leasehold, 995 year lease from 1854. Its the rear garden.
  • We have been in discussion with our freeholder after having a valuation on our maisonette in Downham. We have a sixety nine year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount that he 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 to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • Me and my sister are in the throws of buying a flat (a one bed flat located inDownham with share of freehold). During our search, we were always looking at flats that had a minimum 84 years unexpired. We found a apartment we liked and the estate agent promised us that the lease was long albeit not specifying a number. Yesterday our informed us the lease only has fivety seven years and thus requires a lease extension. Should we walk away, or do we reduce our offer?
  • Are you able to provide an estimate to extend my mother’s lease on a 2 bed flat in Downham. She recently got a price from the freeholder for a lease extension but I am not sure it is too expensive.

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