Common questions relating to East Ham Lease Extensions

  • I own a leasehold flat in the East Ham area and was curious whether I could obtain a lease extension. What are your processes and charges. There are 60 years remaining
  • I am going to purchase a flat in East Ham. The offer is subject to the lease extension. The homeowner’s has given to the freeholder the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender The Royal Bank of Scotland. Moreover, which are the following lease extension steps to complete the purchase?
  • We inherited a leasehold with a freeholder who has failed to respond by way of a counter-notice for a lease extension for our flat in East Ham and are therefore considering the option of a vesting order. Is this something you can help us with?
  • I am a FTB of a leasehold flat in East Ham. The lease has only 69 years outstanding and ground rent is £75. Is it possible for the homeowner to serve the Notice of Claim and then transfer over the right to me as the buyer once I complete the buying process so that I can avoid waiting for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the vendor? Unfortunately the landlord can not be found, so I am not sure how this will play out.
  • I am a landlord of a block of flats in East Ham, and the tenants are in the process of being issued lease extensions. I should hopefully get funds within a month or so. As I am not on self assessment do I get in touch with the tax authorities ?
  • I'm living with my mum and dad but have a ground floor flat in East Ham let out which has a 77 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 East Ham 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?
  • If somebody owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
  • I own the freehold of a one bedroom flat in East Ham. The leaseholders have fivety six years on a lease and wants to purchase another 90 years. The have offered me 22k. Is this around the right price?
  • We are acquiring a garden flat in East Ham which has share of freehold and a leasehold. The lease was starting to get low so the seller commenced dealing with a lease extension. The seller’s lawyer has submitted the lease extension paperwork to HMLR. An essential part of the house buying process is for our to do a pre-completion search on the lease. The concern here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it right that we must wait pending registration of the new lease?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my ground floor flat in East Ham

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