Common questions relating to Grove Park Lease Extensions

  • My fiance agreed with the landlord for a lease extension on our flat based in Grove Park, 9.5k for another 90yrs. How long will it take ?
  • I am the registered owner of a property in Grove Park and it has circa fivety nine years remaining. I'd like to arrange a lease extension by twenty years
  • I am looking to buy a garden flat in Grove Park with a lease of sixety nine years but not sure what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • I am looking to either purchase the freehold or a lease extension of my property in Grove Park and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously refinance with Virgin Money to free up equity. My broker dealing with the remortgage suggested I get two quotes : one to extend the lease and one for the freehold acquisition .The lease commenced in 1991 and since then the ground rent has been raised from £25.00 per annum to £200 per year.
  • I am a landlord of a block of flats in Grove Park, and the leaseholders are in the process of being granted lease extensions. I should hopefully get funds next week. As I am not on self assessment do I write to the tax authorities ?
  • Regarding a property in Grove Park. GFF maisonette. 70 yrs left. I have an agreed lease extension to £12,000 for 115yrs. Landlord also requested Section 42 Notice which I think is a tad over the top. Advice required.
  • I own a share of the freehold. There are five apartments in the block. All the leaseholders are now requiring lease extensions. What are the timescales to grant a lease extension?
  • I am the freeholder of a 1930’s property split into two flats. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 64 years. What are my next steps?
  • If somebody owns a flat with a lease of under 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?
  • We currently own a studio flat in Grove 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 60 years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Do you have some advice on this? Do I contact the freeholder first and will they be able to give me a cost?

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