Little Ilford Lease Extensions: Q and A’s

  • We agreed with the landlord to a lease extension on our flat located in Little Ilford, 13k for an additional 90yrs. How long is the process ?
  • My partner and I have just purchased a studio flat located inLittle Ilford and I'm deliberating a lease extension as soon as possible e.g. after a couple of years
  • I inherited a property in Little Ilford and it has around fivety five years left. I'd like to arrange a lease extension by twenty years
  • I'm about to make an offer on a house in Little Ilford but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Birmingham Midshires giving us the mortgage now?
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Little Ilford, and my lease will reach 76 years this February. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the Tribunal court?
  • I am going to purchase a flat based in Little Ilford. The offer is subject to the lease extension. The current owner’s has served the Section 42 Notice. 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 Birmingham Midshires. Moreover, which are the following lease extension steps to complete the purchase?
  • Me and my fiance would like to know the cost of a lease extension valuation for a property based in Little Ilford. Would you be able to help?
  • I'm hoping for some assistance with regard to extending the lease on my maisonette. I'll be looking to do this sometime next year as we have to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. Can you recommend a good who specialises in lease extensions. Ideally nearby in Little Ilford?
  • I am currently negotiating a lease extension for my flat in Little Ilford 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?
  • I have a lease of 79 years remaining on my flat in Little Ilford. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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