Lower Clapton Lease Extensions: Q and A’s

  • We have seen a house for sale for £185,000 and we are very interested but we've just discovered that it is leasehold. There are 928 years outstanding 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 twenty years without the house being ours. Any advice would be much appreciated.
  • I am looking for a in Lower Clapton and they need to be on the Yorkshire Building Society approved conveyancers panel as we need a lease extension and refinance simultaneously. Can you recommend a ?
  • My mortgage lender is requesting several hundred pounds for their for a "deed of substituted security" for the lease extension for my flat in Lower Clapton... I am unable to find any reference of this in my mortgage literature... is this a normal charge?
  • We have a first floor flat in Lower Clapton with 58 years to run. Last year we were quoted a deal to have a lease extension for a further fifty years but also uplift the ground rent from nominal to a little more..plus a premium I think of approximately 16k. We have now decided to go ahead but do we now have to renegotiate?
  • I am looking to buy a one bed flat in Lower Clapton for asking price of 156k, which has fivety nine years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If landlord 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 brother and I would like to know the cost of a lease extension valuation for a property based in Lower Clapton. Would you be able to help?
  • I am the freeholder of a property in Lower Clapton where the leaseholder would like a lease extension. Her so called valuation expert has suggested a figure of £8,000, but has upped this to £10,000 without too much effort. My surveyor has come back with £12,520. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to tribunal, can I handle the matter myself, just equipped with the valuations I have? If not, what fee would I be likely to face?
  • I require an estimate to extend my mother’s lease on a maisonette in Lower Clapton. She already has a price from the landlord for a lease extension but I am not sure it is too expensive.
  • I am planning on remortgaging my studio flat in Lower Clapton and the mortgage company that I am looking to move to needs at least 80 years remaining on the lease in order for them to take the mortgage forward. I have discovered that I currently have around 77 years on the leasehold so require some advice, guidance, and some quotes to set the wheels in motion for a lease extension
  • I have 75 years remaining on my lease of a ground floor flat in Lower Clapton, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable

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