Lease Extensions in Grange Park

Frequently asked questions relating to Grange Park Lease Extensions

I’m about to offer on a three bed apartment to buy in the Grange Park area and was wondering how much would it cost for a lease extension? It has seventy seven years remaining...

I am in need of a rough estimate of what a lease extension will cost for a flat I intend to buy. It has 59 years remaining.

Hi. I need a to have a look at my lease extension before it's completed just to make sure there's nothing that I haven't seen - it's just a surrender and regrant with a few small changes.

I inherited a one bedroom second floor purpose built flat in Grange Park. The lease started in 1991 for 99 years. Now I am wanting to extend the lease. I am uncertain about further expenses, could you tell me please how much I should expect to spend on this?

I am a FTB of a leasehold flat in Grange Park. The lease has just 56 years unexpired and ground rent is £95. Is it possible for the owner to serve the Initial Notice and then assign this right to me as the buyer on the day of completion so that I don't have to wait for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time consuming to the vendor? Unfortunately the freeholder is absent, so I am not sure how this will play out.

Regarding a property in Grange Park. GFF maisonette. 60 yrs unexpired. I have negotiated a lease extension price of £20k for 135yrs. Freeholder also requested Section 42 Notice which I think is a bit over the top. Advice required.

We are considering buying a garden flat in Grange Park which is a leasehold. I am wanting to weigh up the pros and cons of that - what happens when lease expires, the cost of a lease extension, can the freeholder of the property evict me from my own flat and prevent me from having a lease extension?

If a leaseholder owns a flat with a lease of less than 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?

We currently own a maisonette in Grange Park and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 77 years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Do you have some advice on this? Do I contact the landlord first and will they be able to give me a cost?

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?

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