East Preston Lease Extensions Example Support Desk Enquiries

  • My OH agreed with the head landlord for a lease extension on our flat based in East Preston, 6.5k for an extension by 90yrs. Can you please assist us with this situation ?
  • I am considering investing in a second home but it has a lease that expires in twenty years. Its in East Preston - I wanted to see if with your services it is possible for this to be extended?
  • We have seen a house for sale for £215k and we are very keen on but we've just found out that it is leasehold. There are 928 years remaining 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 correct? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any suggestions would be much appreciated.
  • Hello. I need a to have a look at my lease extension prior to it being formalised just to make sure there's nothing that I haven't seen - it's just a reissue with a few minor amendments.
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I am looking at buying an auction property and identified a studio flat in East Preston. It has just 41 year lease..the vendor as mortgagees in possession will not want the aggravation of seeking a lease extension..what are the disadvantages of this other than the huge fee to put a new lease on it and reduced chance of obtaining a mortgage with The Mortgage Works?
  • We have a one bedroom flat in East Preston. There is 81 years remaining on the lease and we want a lease extension. What will it likely cost to get a lease extension by, say,twenty years
  • I an interested in finding out more about leasehold property buying. We are going to buy a link detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in East Preston 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?
  • I'm looking at purchasing a flat in East Preston valued at £256,000 the flat has just under seventy seven years unexpired on the lease. My offer was conditional upon a lease extension... .. that was back in June, expecting I'd have completed before Christmas. They have just informed me they'll reduce the price by£7k if they don't have to deal with the lease extension. I'm unsure if I should take them up on the offer
  • I am currently negotiating a lease extension for my flat in East Preston 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?

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