Lease Extensions in Ladywell

Examples of recent questions relating to Lease Extensions in Ladywell

I have shares 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 curious about the procedure for this

We have seen a house for sale for £215k and we are very keen on but we've just discovered that it is leasehold. There are 928 years unexpired so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for 25 years without owning the property. Any feedback would be much appreciated.

I have a lease of 75 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?

I am looking for a lawyers in Ladywell and they should be on the HSBC Bank approved conveyancers panel as we need a lease extension and refinance simultaneously. Can you recommend any please ?

I'm thinking of buying a one bed flat (leasehold) but the freeholder has been absent for around 15yrs. My query is would it be less expensive to try to acquire the reversionary title or to extend lease and apply for right to manage?

I'm living at mum and dad but have a 2 bed flat in Ladywell let out which has a 74 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 Ladywell 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. Should I keep or sell the flat?

Coming up to two years that I have been in my maisonette in Ladywell. I have sixety four yrs outstanding on the lease. I am now wanting to purchase a share of freehold or extend my lease. I acquired the property for 342K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my property lawyers about the process, he answered most of my questions but just have one left: In terms of surveyors - how do I go about finding one?

If somebody 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?

I have a freehold of a three bedroom flat in Ladywell. The leaseholders have 70 years on a lease and wants to purchase another 90 years. The have offered me 25k. Is this around the right price?

I'm looking at purchasing a flat in Ladywell at a price of £210,000 the flat has approximately sixety eight years unexpired on the lease. I put in an offer conditional upon a lease extension... .. that was back in June, expecting I'd have completed before now. They have just informed the agent that they are prepared to reduce the price by£8k if I deal with the lease extension myself. I'm not sure whether that's a good idea

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