Common questions relating to Grove Park Lease Extensions

  • I'm about to make an offer on a house in Grove Park but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Chelsea Building Society giving us the mortgage now?
  • I am looking for a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has 79 years left.
  • I am the owner of a maisonnette and the freehold. The owners of the upstairs flat have asked to extend the lease what do I need to do?
  • I have a leasehold apartment in Grove Park. I have built a large extension and have not informed the leaseholder. What should I do?
  • I own a purpose-built apartment based in a large block in Grove Park. The leasehold interest in the flat on a 101 year lease started from 1 November 1969 with a set yearly rent of 45. I would like to obtain a lease extension. Can I call someone to discuss my options please?
  • I an interested in finding out more about purchasing a leasehold residence. We hope to buy a link detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Grove Park area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
  • I own 70% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around seventy seven years. I need a at my end. Can you advise please? I live near Grove Park and have a mortgage with Bank of Ireland.
  • Just been over two years that I have owned my garden flat in Grove Park. I have fivety seven years unexpired lease on the lease. I am now wanting to purchase a share of freehold or a lease extension. I acquired the property for 350K, it is now roughly 450k. 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: In terms of surveyors - how do I go about finding one?
  • I am currently in the process of refinancing my 2 bed flat in Grove Park and the next lender that I am looking to move to requires at least 80 years remaining on the lease in order for them to progress matters. We currently have around sixety eight years on the leasehold so require some help, guidance, and some quotes to set the wheels in motion for a lease extension
  • I am currently negotiating a lease extension for my flat in Grove Park 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?

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