East Beckton Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to East Beckton Lease Extensions
Hi, I just randomly found your website. I'm seeking prices on what it cost to extend a lease of a 2 bed flat in East Beckton. It's up for sale at the moment but has around 54 years of unexpired leasehold
I own a leasehold flat in the East Beckton area and was curious whether I could obtain a lease extension. What are your processes and fees. Has seventy three years unexpired
I'm about to make an offer on a house in East Beckton but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Leeds Building Society giving us the mortgage now?
I am thinking about whether to purchase the freehold or a lease extension of my property in East Beckton and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously remortgage with The Mortgage Works to free up equity. The adviser dealing with the remortgage suggested I get two quotes : one to extend the lease and one for the freehold purchase .The lease began in 1981 and since then the ground rent has increased from £25.00 per year to £100 per annum.
I'm looking for a flat to buy in East Beckton and I'm not really familiar with the leasehold concept. I've found a one bedroom apartment I like with a 90 years lease. My research reveals that I can get a lease extension having owned the property for a couple of years, but:- Should I be looking at some conditions that would prevent me for getting a lease extension?
I would like some advice on leasehold property buying. We hope to buy a link detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in East Beckton area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
We have owned a leasehold flat for approximately eighteen years. There are 78 years left on the lease. After a year of difficult negotiations through my conveyancing practitioners and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to LVT and would appreciate advice.
Coming up to 2 years that I have been in my ground floor flat in East Beckton. I have fivety five yrs left on the lease. I am now looking either to buy a share of freehold or extend my lease. I acquired the property for 350K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my conveyancing practitioners about the process, he answered most of my questions but just have one left: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to LVT)?
My wife and I are aware that others in the same block had already had a lease extension, and the freeholder seemed amenable. Therefore is seems worth taking risk of not having formal valuation and calculate the initial offer on on the premiums paid by others . This would save on double valuation charges. Would you suggest such a course of action?
I am currently negotiating a lease extension for my flat in East Beckton as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?