Top Ten Questions relating to Gallows Corner Lease Extensions

  • 35k agreed with the landlord, just trying to find a Gallows Corner property lawyers for a lease extension. Our lease has around sixety nine yrsremaining. What's your legal fee ?
  • My name´s Theo. I’m property hunting in Gallows Corner I'm seeing a studio flat online, with slightly less 72 years unexpired lease, how much will it likely cost to get a lease extension by, say, 45 years?
  • I'm intending to make an offer on a house in Gallows Corner but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Britannia giving us the mortgage now?
  • I'm considering purchasing a garden flat (leasehold) but the freeholder has been missing for approximately 15yrs. I wonder whether it will be less expensive to try to purchase the freehold or to get a lease extension and apply for right to manage?
  • I will soon view a one bedroom apartment, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has sixety eight years left on the lease. It is also a repo so I'm guessing that the lender will not be interested in doing a lease extension. My main concern is would it be difficult to sell on without a lease extension?
  • My solicitors (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • I am the freeholder of a Edwardian property split into two flats. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current sixety years. What are my next steps?
  • I have a freehold of a one bedroom flat in Gallows Corner. The leaseholders have 68 years on a lease and wants to purchase another 90 years. The have offered me 22k. Is this around the right price?
  • We are are hoping to complete on a two bedroom second floor purpose built flat in Gallows Corner which has share of freehold and a leasehold. The lease was on the short side so the seller commenced extending the lease. The seller’s lawyer has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the house buying process is for our solicitors to do a pre-completion search on the property title. The problem here is that as a lease extension has been submitted we've been told by our conveyancing practitioners it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it right that we have to hold on until the lease extension has actually been registered before completing.?
  • We know that others in the same building previously had a lease extension, and the freeholder seemed amenable. Therefore is seems worth taking risk of avoiding a formal valuation and base the initial offer on previous premiums paid . This would save on double valuation charges. Would you recommend this course of action?

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