Homerton Lease Extension - Your Legal Fees Calculator
Common questions relating to Homerton Lease Extensions
My partner has a flat based in Homerton which we have just put on the market. The leasehold has nearly fivety five years outstanding on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we commence arranging a lease extension? Thank you.
I am looking to extend the lease on my ground floor flat in Homerton which will have 79 years outstanding in June. What fees apply?
I need to extend my current lease can you assist? I think it has 61 years residual lease term
I am about to put an offer in on a maisonette in Homerton with a lease of fivety nine years but not sure what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
I am thinking about whether to purchase the freehold or a lease extension of my property in Homerton 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 Coventry Building Society to free up equity. My broker handling the remortgage suggested I get two estimates : one for the lease extension and one for outright purchase .The lease started in 1972 and since then the ground rent has been raised from £25.00 per annum to £200 per annum.
I am about to view a two bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has fivety eight years unexpired on the lease. It is also a repossession so I'm guessing that the bank will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?
I am thinking about purchasing an auction property and found a one bed flat in Homerton. It only has a 41 year lease..the vendor being mortgagees in possession will not want the aggravation of seeking a lease extension..what are the drawbacks of this other than the costly fee to put a new lease on it and decreased chance of getting a mortgage with The Mortgage Works?
I am planning to get a lease extension and am wondering what step I have to do first, I have been previously told that I have to have the finances in place before I initiate the process, is this correct?
If a leaseholder 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 extending the lease?
We are in the throws of buying a property (a one bedroom apartment located inHomerton with share of freehold). Throughout our search, we were always looking at flats that had a minimum 84 years left. We identified a apartment we fell in love with and the selling agent promised us that the lease was long albeit not specifying a number. This morning our property lawyers told us the lease only has seventy seven years and thus needs a lease extension. Do we walk away, or should we reduce our offer?