Frequently asked questions relating to Haggerston Lease Extensions

  • I have a lease of sixety three years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Haggerston, and my lease will reach 71 years this January. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the Tribunal court?
  • I am looking to either purchase the freehold or a lease extension of my property in Haggerston and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously get a new mortgage with Accord Mortgages Ltd to release of equity. My broker handling the remortgage suggested I get two estimates : one for the lease extension and one for outright acquisition .The lease started in 1972 and since then the ground rent has increased from £38.00 per annum to £125 per annum.
  • We would like to extend our lease. We will have been in the flat for 2 years as of 6th May 2016. It has nearon 69 years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as is reasonably achievable.
  • I am the owner of a purpose-built apartment based in a small development in Haggerston. The leasehold interest in the flat on a ninety five year lease which commenced from 2nd August 1969 with a non-reviewable ground rent of £15 per annum. I wish to obtain a lease extension. Can I call someone to discuss my options please?
  • I an interested in finding out more about leasehold property buying. We intend to buy a link detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Haggerston 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'm living with my parents but have a garden flat in Haggerston let out which has a 78 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Haggerston for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Not sure sure whether to hold on or sell the flat?
  • I am the registered freeholder of a couple of flats. Someone has the lease on the garden flat in Haggerston. I occupy in the upper flat. I was reviewing the land registry documents today when I noticed that my flat has a lease on it. There is seventy five years balance left. Can one carry out a lease extension without using a ?
  • Are you able to provide an estimate to extend my mum’s lease on a garden flat in Haggerston. She already has a figure from the freeholder for a lease extension but I am not sure it is too expensive.
  • I am currently negotiating a lease extension for my flat in Haggerston 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 Haggerston