FAQs concerning Hackney Wick Lease Extensions

  • I'm planning to make an offer on a house in Hackney Wick 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 Accord Mortgages Ltd giving us the mortgage now?
  • I am looking to either purchase the freehold or a lease extension of my property in Hackney Wick and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a get a new mortgage with HSBC Bank to release of equity. The adviser handling the remortgage suggested I get two quotes : one to extend the lease and one for outright acquisition .The lease commenced in 1981 and since then the ground rent has increased from £38.00 per year to £125 per annum.
  • I am looking at bidding for an auction property and identified a one bed flat in Hackney Wick. It only has a 49 year lease..the vendor as mortgagees in possession will not want the aggravation of applying for a lease extension..what are the disadvantages of this except for the expensive fee to extend the lease and reduced chance of getting a mortgage with The Royal Bank of Scotland?
  • We have a GFF in Hackney Wick. There is 81 years left on the lease and we want a lease extension. How much does it cost on average to get a lease extension by, say,25 years
  • I have a share of the freehold. There are four flats in the building. All the leaseholders are now requiring lease extensions. Are you able to help us with this situation?
  • We wish to extend our lease. We will have been in the apartment for 2 years as of 6th April 2016. It has around 76 years remaining currently. Hoping to get a lease extension by another 90 years as expeditiously and stress free as is reasonably achievable.
  • I am the freeholder of a 1930’s property split into two apartments. 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 seventy six years. What are my next steps?
  • I own the freehold of a three bedroom flat in Hackney Wick. The leaseholders have sixety four years on a lease and wants to purchase another 90 years. The have offered me 22k. Is this around the right price?
  • We know that others in the same building had already had a lease extension, and the freeholder seemed reasonable. Therefore is seems worth taking risk of not having formal survey and calculate the initial offer on previous prices . This would save on double valuation charges. Is this advisable?
  • I have a lease of 62 years remaining on my flat in Hackney Wick. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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