Recently asked questions relating to Greystones Lease Extensions

  • I agreed with the head landlord for a lease extension on our flat in Greystones, 19.5k for a further 90yrs. How long will it take ?
  • My wife has an apartment located in Greystones which we are about to put on the market. The leasehold has approximately 66 years outstanding on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we commence arranging a lease extension? Thank you.
  • I am about to put an offer in on a ground floor flat in Greystones with a lease of fivety four years but not sure how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • I'm looking for a flat to buy in Greystones and I'm not really familiar with the leasehold title. I've found a place I like with a 90 years lease. My research reveals that I can apply for a lease extension after a couple of years, but:- Should I anticipate any issue with my proposed mortgage lender The Royal Bank of Scotland?
  • I am a first time buyer of a leasehold flat in Greystones. The lease has just seventy one years outstanding and ground rent is £25. Is it possible for the homeowner to serve the Section 42 Notice and then assign over the 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 may be possible but will it be very time costly to the flat owner? Unfortunately the freeholder is absent, so I am not sure how this will play out.
  • I'm living at mum and dad but have a one bedroom apartment in Greystones let out which has a fivety nine year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Greystones for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Should I keep or sell the flat?
  • Coming up to 2 years that I have been in my studio flat in Greystones. I have seventy one yrs unexpired lease on the lease. I am now looking either to buy a share of freehold or extend my lease. I acquired the property for 350K, 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: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?
  • I know that others in the same building previously had a lease extension, and the landlord was amenable. Therefore is seems worth taking risk of not having formal valuation and calculate the initial offer on previous premiums paid . This would save on double valuation charges. Is this advisable?
  • Do you handle lease extensions on land? (a plot of land in Greystones with 82yrs remaining)
  • We have a garden flat in Greystones with a lease of fivety six years left with a value of around £370000 we want to add 125 years to it, how much is that likely to cost?

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