Frequently asked questions relating to Greystones Lease Extensions

  • I have a lease of sixety one years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • 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 invested in buying a one bed flat in Greystones. I am looking for a lease extension on the property. It is around 80 years. I would just like to know what your charges are and how long it would take for completion.
  • I need to talk to you about a flat in Greystones, I am considering buying at auction next month. The flat has a short lease and I am curious about how much it would cost to get a lease extension and for your services.
  • In 2010 I purchased a leasehold flat in Greystones. I have built a huge extension and have not informed the freeholder. What are my options?
  • My leasehold flat in Greystones is up for sale and I have a hopefully firm offer. There is 82 years unexpired on the lease and I want to extend the lease. How much will it likely cost to extend in this area by, say,35 years
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously advised that I have to have the finances in place before I set the ball rolling, is this correct?
  • My father has a share of freehold, with two other leaseholders in a building in Greystones. House split into three flats. He has a lease, which has just over seventy five yrs unexpired lease. How much would it cost for a lease extension and how many years would he need to extend by?
  • We currently own a studio flat in Greystones 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 57 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? Should I contact the landlord first and will they be able to give me a cost?
  • I am currently negotiating a lease extension for my flat in Greystones as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
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    Lease Extensions in Greystones

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