Lease Extensions in Grays

Grays Lease Extensions: Q and A’s

My name´s Lucas. I’m house hunting in Grays I'm deliberating offering on a garden flat online, with nearly 63 years unexpired lease, how much does it cost on average to extend in this area by, say, twenty years?

Hello, I just randomly found this website. I'm seeking prices on what it cost to extend a lease of a one bedroom apartment based in Grays. It's up for sale at the moment but has just over 74 years left on the lease

I am looking to extend the lease on my one bed apartment in Grays which will have seventy nine years outstanding in November. What fees apply?

I am in need of a rough estimate of what a lease extension will cost for a flat I would like to purchase. It has 56 years remaining.

We have seen a house for sale for £195k and we are very keen on but we've just found out that it is leasehold. There are 928 years remaining so a lease extension is not a worry. 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 correct? We wouldn't want to pay a mortgage for twenty years without owning the property. Any information would be much appreciated.

I plan on buying a flat based in Grays. The offer is conditional upon a lease extension. The seller’s has given to the freeholder the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Skipton Building Society. Moreover, which are the following lease extension steps to complete the purchase?

I am concerned that my niece is being hoodwinked. She submitted an offer on a garden flat in Grays, where the lease is around fivety six years but she was informed by the selling agents that the flat owner had extended it to 125 years. She has now been advised the owner was holding off for her to appoint lawyers ahead of instigating the lease extension. Sounds odd to me, also it could take months to sort it all out. Am I reading too much into it?

I have a share of the freehold. There are three apartments in the building. All the leaseholders are now requiring lease extensions. What are the timescales to grant a lease extension?

My fiance and I would like to know the cost of a lease extension valuation for a property based in Grays. Would you be able to help?

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 doing it?

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