Questions and Answers: Forest Gate Lease Extensions

  • The intention is to sell our two bedroom ground floor purpose built maisonette in Forest Gate but we may need to extend the lease, or possibly cover the costs of our buyers. Can you help me find a to help us?
  • I am a FTB of a leasehold flat in Forest Gate. The lease has just 74 years remaining and ground rent is £25. Is it possible for the flat owner to serve the Notice of Claim and then assign this right to me as the buyer on the day of completion so that I can avoid waiting for the two 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 consuming to the current owner? Unfortunately it’s the case of an missing landlord, so I am not sure how does it work.
  • I am thinking about acquiring an auction property and found a two bed flat in Forest Gate. It has just 48 year lease..the seller as mortgagees in possession will not want the aggravation of applying for a lease extension..what are the drawbacks of this except for the huge fee to put a new lease on it and decreased chance of getting a mortgage with Nottingham Building Society?
  • We have a residential flat in Forest Gate with seventy four years remaining. Ten months ago we were quoted a deal to grant a lease extension for another thirty years but also uplift the ground rent from notional to a little more..plus a premium I think of approximately 10k. Finally we have decided to go ahead but do we now have to renegotiate?
  • Me and my husband had entered into a purchase of a garden flat in Forest Gate. I was advised by the EA that the lease extension had already been completed while on a viewing (58 years left prior to extension). The sales particulars said "sold with a long lease". It turns out as we are about to exchange of contracts we find that there has been no lease extension. The current owner supposedly has a quote but no money to extend as a result the owner intends to exchange and use the deposit monies for the lease extension. My question is how is possible that the estate agent got it so wrong?
  • I an interested in finding out more about leasehold property buying. We hope 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 Forest Gate 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 am hoping to extend the lease on my garden flat in Forest Gate I am looking for a local company to calculate the premium. I have a price from the landlord. I would like to go forward as soon as possible, but for the right premium and fee.
  • Coming up to two years that I have been in my one bedroom ground floor purpose built maisonette in Forest Gate. I have 63 years unexpired lease on the lease. I am now looking either to buy a share of freehold or a lease extension. I acquired the property for 320K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my 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 goes to the tribunal etc)?
  • I have seventy eight years remaining on my lease of a ground floor flat in Forest Gate, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
  • I'm looking for some advice with regard to a lease extension on my studio flat in Forest Gate. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Can you recommend a good who specialises in lease extensions?

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