Questions and Answers: Grange Park Lease Extensions

  • I bought a flat in Grange Park with a leasehold unexpired nearly seventy seven years and need to extend it. Please can you clarify the next steps
  • Hello, I stumbled upon this website. I'm seeking prices on what a lease extension will cost for a maisonette in Grange Park. It's on sale at the moment but has approximately 66 years of unexpired leasehold
  • I own a one bedroom ground floor purpose built flat based in Grange Park with a leasehold unexpired of 58 years. I am curious about how much I will need to spend to extend my leasehold
  • 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 the owner of a maisonnette and the freehold. The owners of the downstairs flat have asked for a lease extension what do I need to do?
  • The intention is to sell our ground floor flat in Grange Park but we may need to extend the lease, or at least cover the costs of our purchaser. Can you help me find a to help us?
  • I'm looking for an apartment to purchase in Grange Park and I'm not really familiar with the leasehold tenure. I've identified a place 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 be looking at some conditions that would prevent me for getting a lease extension?
  • I will soon view a two bedroom flat, although not exactly my perfect property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has fivety seven years balance left on the lease. It is also a repo so I'm assuming that the vendor will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?
  • If somebody owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
  • I have a lease of 58 years remaining on my flat in Grange 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 Grange Park