Lease Extensions in Mile End

Sample questions relating to Mile End Lease Extensions

So this is the scenario: I bought a garden flat in Mile End that I am now unable to sell as a result of the lease needing a lease extension. How long will it take ?

I purchased a flat in Mile End with a leasehold unexpired just over 75 years and need to extend it. Please can you advise me of the next steps

The intention is to sell our maisonette in Mile End but we may need to extend the lease, or at least cover the expense of our purchaser. Can you help me find someone to handle this?

I'm deliberating over buying a three bed flat (leasehold) but the landlord has been missing for around 15yrs. My query is would it be cheaper to try to acquire the freehold or to get a lease extension and apply for RTM?

I am a freeholder of a block of flats in Mile End, and the leaseholders are in the process of being issued lease extensions. I should hopefully get funds within a month or so. Are there any tax implications, the property is co-owned with my partner ?

We wish to extend our lease having owned the place for 2 years as of 11th May 2016. It has slightly more than fivety five years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as possible.

We are in the throws of buying a property (a garden flat located inMile End with share of freehold). During our search, we were always looking at apartments that had a minimum ninety years left on the lease. We came across a flat we liked and the selling agent promised us that the lease term was not an issue. Today our advised us the lease only has seventy nine years and thus needs a lease extension. Should we walk away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?

My wife and I are aware that others in the same block previously had a lease extension, and the landlord seemed amenable. Therefore is seems worth taking risk of not having formal survey and base the initial offer on on the prices by others . This would save on double valuation charges. Is this advisable?

We currently own a one bedroom ground floor purpose built maisonette in Mile End 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 71 years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Do you have some advice on this? Should 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 Mile End 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?

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