FAQs concerning Loughton Lease Extensions

  • I am fairly sure that our has advised us incorrectly concerning a lease extension and I would like to know how to go about making a formal complaint
  • We have seen a house for sale for £185,000 and we are very interested but we've just found out that it is leasehold. There are 928 years unexpired so a lease extension is not a worry. 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 the house being ours. Any feedback would be much appreciated.
  • We bought a leasehold with a landlord who has not given us a counter-notice for a lease extension for our flat in Loughton and are therefore considering the option of a vesting order. Is this something you can do for us?
  • Is it possible to talk with you about a leasehold property in Loughton, I am considering bidding at auction next month. The flat only has a few years outstanding and I was wondering about what it would cost to get a lease extension and for your services.
  • Re a residence in Loughton. GFF maisonette. seventy nine yrs left. I have an agreed lease extension to £12,000 for 115yrs. Freeholder also requested Notice of Claim which I think should not be necessary. Advice required.
  • I would like some advice on purchasing a leasehold residence. We hope to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Loughton area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?
  • My wife and I would like to know the cost of a lease extension valuation for a property based in Loughton. Is this something you can assist us with?
  • Hello I am the freeholder reversion in a one bedroom flat in Loughton. The leaseholder has a fivety seven year lease and would like to purchase an additional 90 years. He is offering me £21,000 but I am unsure if this is a correct amount
  • I'm looking at purchasing a flat in Loughton at a price of £195,000 the flat has just under fivety nine years remaining on the lease. I put in an offer conditional upon the lease being extended... .. that was back in June, hoping I'd have moved in by now. The owner has just informed me they are willing to reduce the price by£2k if I deal with the lease extension myself. I'm not sure if I should take them up on the offer
  • I know that others in the same building had already had a lease extension, and the freeholder seemed reasonable. It therefore appears worth taking risk of not having formal valuation and calculate the initial offer on previous premiums paid . This would save on double valuation charges. Is this advisable?

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