Questions and Answers: Lea Bridge Lease Extensions

  • I am the registered owner of a ground floor flat located in Lea Bridge with a leasehold unexpired of fivety four years. I am enquiring about how much it will cost me to extend my lease
  • I plan on buying a flat in Lea Bridge. The offer is subject to the lease extension. The current owner’s property lawyers has given to the freeholder the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Nationwide Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I intend to buy a one bed flat in Lea Bridge for asking price of 156k, which has 72 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • My conveyancers (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • My father has a share of freehold, with two other leaseholders in a building in Lea Bridge. House divided into three apartments. He has a lease, which has approximately seventy four years unexpired lease. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • We would like to know the cost of a lease extension valuation for a property based in Lea Bridge. Would you be able to help?
  • I'm intent on purchasing an apartment in Lea Bridge valued at £195,000 the flat has just under seventy one years remaining on the lease. I put in an offer conditional upon a lease extension... .. that was back in September, expecting I'd be in by now. They have just come back saying they'll reduce the price by£8k if I deal with the lease extension myself. I'm not sure if I should take them up on the offer
  • My wife and I are in the throws of buying a home (a maisonette based inLea Bridge with share of freehold). Throughout our search, we were always looking at properties that had at least eighty five years left. We identified a place we fell in love with and the selling agent assured that the lease was long albeit not specifying a number. This morning our lawyers advised us the lease only has sixety five years and thus requires a lease extension. Do we walk away, or should we reduce our offer?
  • We currently own a studio flat in Lea Bridge and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has seventy two years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Do you have some advice on this? Do I contact the landlord first and will they be able to give me a cost?
  • I am currently negotiating a lease extension for my flat in Lea Bridge 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 Lea Bridge