Essington Lease Extensions: Q and A’s

  • I have an interest in the freehold of buildings comprising of seven flats each. 2 of the leasehold owners want to extend their leases and I'm enquiring about the the process
  • I inherited a property in Essington and it has just over seventy six years remaining. I'd like to arrange a lease extension by twenty years
  • I need to extend my current lease can you help me with that? My investigation with the Land Registry reveal that it has 74 years left
  • We have seen a house for sale for £215k and we are very keen on but we've just discovered that it is leasehold. There are 899 years residual lease term so a lease extension is not a concern. 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 true? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any feedback would be much appreciated.
  • My neighbours and I are in a block of three flats in Essington and have been offered to buy the freehold for £5000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I am looking into the costs of carrying out a lease extension for my ground floor flat in Essington, and would like some figures on that.
  • I am looking to extend the lease on my one bed flat in Essington I am looking for help to verify the premium. I have a quote from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.
  • I'm living at parents but have a garden flat in Essington let out which has a seventy one 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 Essington 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 19k. Not sure sure whether to hold on or sell the flat?
  • I'm looking at buying an apartment in Essington at a price of £210,000 the flat has approximately fivety nine years unexpired on the lease. My offer was subject to the lease being renewed... .. that was back in August, hoping I'd be in before now. They have just informed the agent they are willing to reduce the price by£2k if I deal with the lease extension myself. I'm not sure whether that's a good idea
  • My aunt is concerned about seeking a lease extension from an objectionable freeholder. Notwithstanding that the legal procedures were followed under the 1993 Act, the freeholder still tried to get ground rent of £300 doubling every twenty years of the new lease. Can you assist?

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