Recently asked questions relating to Hoxton Lease Extensions

  • Hi, I stumbled upon this site. I'm looking for prices on what a lease extension will cost for a a property based in Hoxton. It's up for sale at the moment but has approximately seventy one years of unexpired leasehold
  • I have an interest in the freehold of 2 blocks of flats comprising of 8 flats each. Two of the leaseholders want to extend their leases and I'm wondering about the procedure for this
  • I am looking at investing in a second home but it has a lease that expires in eighteen years. Its in Hoxton - I wanted to see if with your services it is possible for this to be extended?
  • I am looking to buy a garden flat in Hoxton with a lease of 78 years but unsure how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • I am looking into the costs of carrying out a lease extension for my first floor flat in Hoxton, and would like some figures on that.
  • I am about to view a one bedroom apartment, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 57 years residual lease term on the lease. It is also a repo so I'm guessing that the vendor will not be interested in extending the lease. My primary concern is would the short lease make it difficult to secure a mortgage?
  • My mortgage lender is requesting several hundred pounds for their conveyancing practitioners to approve the lease extension deed for my flat in Hoxton... I am unable to find any mention of this in my mortgage guide... is this a standard cost that they charge?
  • We have a one bedroom flat in Hoxton. There is 81 years remaining on the lease and we want a lease extension. How much does it cost on average to extend in this area by, say,25 years
  • Just been over 2 years that I have owned my 2 bed flat in Hoxton. I have sixety two years outstanding on the lease. I am now looking either to purchase a share of freehold or a lease extension. I purchased the property for 320K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my conveyancing practitioners about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?
  • My mother is aware that others in the same building had already had a lease extension, and the freeholder seemed amenable. Therefore is seems worth taking risk of avoiding a formal survey and base the initial offer on on the premiums paid by others . This would save on double valuation charges. Would you suggest such a course of action?
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    Lease Extensions in Hoxton

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