FAQs concerning Hackney Lease Extensions

  • Hi, I stumbled across your site. I'm seeking prices on what a lease extension will cost for a a property located in Hackney. It's up for sale at the moment but has around sixety eight years left on the lease
  • I am looking at investing in a second home but it has a lease that expires in 14 years. Its in Hackney - I wanted to see if with your services this could be extended?
  • I am looking for a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has 75 years outstanding.
  • I plan on buying a flat based in Hackney. The offer is subject to the lease extension. The flat owner’s conveyancing practitioners has given to the freeholder the Section 42 Notice. 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 Halifax. Moreover, which are the following lease extension steps to complete the purchase?
  • How much will I need to spend and what is the best way to get a lease extension started? I have roughly 76 years remaining on my lease on a studio flat in Hackney. I have called the managing agents who act on behalf of the freeholder and they provided me with the number for the surveyor. I left a phone message for the valuer but I am not getting any kind of reaction.
  • My mortgage lender requires several hundred pounds for their property lawyers for a "deed of substituted security" for the lease extension for my flat in Hackney... I can find no mention of this in my mortgage booklet... is this a usual cost that they charge?
  • I am the owner of a purpose-built apartment based in a small development in Hackney. The leasehold interest in the flat on a ninety five year lease which commenced from 21st January 1969 with a set ground rent of £25 per annum. I would like to obtain a lease extension. Can I call someone to go through my options please?
  • I own the freehold to two flats. Someone has the lease on the lower flat in Hackney. I occupy in the upper flat. I was reviewing the title deeds today when I noticed that my flat has a lease on it. There is fivety eight years residual lease term. Is it possible to carry out a lease extension without using a conveyancers?
  • I am the freeholder of a property in Hackney where the leaseholder would like a lease extension. Her so called valuation expert has provided a figure of £9,000, but has upped this by £2,000 without too much effort. My surveyor has recommended a much higher premium. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to tribunal, can I deal with this myself, just armed with the valuations I have? If not, what charges would I be likely to face?
  • I am currently negotiating a lease extension for my flat in Hackney 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?
  • Other Topics

    Lease Extensions in Hackney

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