Top Ten Questions relating to Leytonstone Lease Extensions

  • My name´s Michael. I’m flat hunting in Leytonstone I'm considering offering on a maisonette online, with nearly seventy one years remaining, how much does it cost on average to get a lease extension by, say, 45 years?
  • I need to negotiate a lease extension for a flat in Leytonstone and want to use a local property lawyers. Are you able to help me find a conveyancers?
  • I am in need of a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has sixety eight years balance left.
  • We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 928 years remaining 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 twenty years without owning the property. Any information would be much appreciated.
  • I have my suspicions that my niece is being hoodwinked. She put in an offer on a one bedroom apartment in Leytonstone, where the lease is approximately seventy three years but she was informed by the selling agents that the owner had extended it to 125 years. Only now has she been told the vendor was holding off for her to appoint conveyancers ahead of instigating the lease extension. Seems odd to me, also it may take a while to sort it all out. Am I reading too much into it?
  • We have a one bedroom flat located in Leytonstone. There is 80 years to run on the lease and we want to extend the lease. How much will it likely cost to get a lease extension by, say,ninety years
  • I am looking to extend the lease on my one bedroom apartment in Leytonstone I am looking for a local company to calculate the premium. I have a quote from the landlord. I would like to go forward as soon as possible, but for the right premium and fee.
  • 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'm intent on purchasing a flat in Leytonstone valued at £195,000 the flat has just under 66 years unexpired on the lease. My offer was conditional upon a lease extension... .. that was back in September, hoping I'd have completed before Christmas. They have just come back saying they are willing to reduce the price by£7k if I deal with the lease extension myself. I'm not sure if I should take them up on the offer
  • We currently own a studio flat in Leytonstone 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 sixety four years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Do you have some advice on this? Do I contact the freeholder first and will they be able to give me a cost?
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    Lease Extensions in Leytonstone

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