FAQs concerning Elm Park Lease Extensions

  • I am considering investing in a second home but it has a lease that expires in fifteen years. Its in Elm Park - I wanted to see if with your services it is possible for this to be extended?
  • We have seen a house for sale for £195k and we are very interested but we've just found out that it is leasehold. There are 928 years remaining so a lease extension is not an issue. 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 25 years without the house being ours. Any advice would be much appreciated.
  • I am looking for a in Elm Park and they need to be on the Aldermore approved conveyancers panel as we need a lease extension and remortgage at the same time. Are you able to recommend any please ?
  • I invested in buying a one bedroom apartment in Elm Park. The lease started in 1992 for 99 years. Now I am looking to extend the lease. I am in the dark about further expenses, could you tell me please how much I should expect to spend on this?
  • I'm looking for a flat to buy in Elm Park and I'm not really familiar with the leasehold arrangement. I've identified a garden flat I like with a 91 years lease. My research reveals that I can go for a lease extension having owned the property for 2 years, but:- Should I anticipate any issue with the mortgage?
  • Me and my sister are considering purchasing a garden flat in Elm Park which is a leasehold. I am wanting to weigh up the pros and cons of that - what occurs when lease ends, the cost of a lease extension, can the freeholder of the property evict me from my own flat and block me from having a lease extension?
  • I own a purpose-built flat based in a small development in Elm Park. The leasehold interest in the apartment on a ninety five year lease started on 30th March 1980 with a set yearly rent of 35. I wish to obtain a lease extension. Is it possible for me to talk with someone to go through my options please?
  • My husband has a share of freehold, with two other leaseholders in a building in Elm Park. House converted into three apartments. He has a lease, which has slightly more than sixety three yrs outstanding. How much would it cost for a lease extension and how many years would he need to extend by?
  • I have sixety five years remaining on my lease of a ground floor flat in Elm Park, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable
  • I have a lease of sixety five years remaining on my flat in Elm Park. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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