Recently asked questions relating to Mile End Lease Extensions

  • 40k agreed with the landlord’s agents, just attempting to find a Mile End for a lease extension. Our flat has about 65 yrsremaining. What's your legal fee ?
  • I have a lease of seventy two years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • Is it possible to talk with you about an apartment in Mile End, I am considering buying at auction next month. The flat has a short lease and I was wondering about what it would cost to get a lease extension and for your services.
  • My flat in Mile End is up for sale and I have a hopefully firm offer. There is 79 years left on the lease and I want to extend the lease. What does it cost on average to get a lease extension by, say,35 years
  • I intend to buy a one bed flat in Mile End for asking price of 156k, which has seventy 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?
  • I an interested in finding out more about purchasing a leasehold residence. We hope to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Mile End 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?
  • I am the freeholder of a Edwardian property split into two apartments. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 76 years. What are my next steps?
  • Coming up to 2 years that I have owned my 2 bed flat in Mile End. I have 55 years outstanding on the lease. I am now wanting to purchase a share of freehold or extend my lease. I acquired the property for 342K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?
  • Even though I may not need a lease extension but I do require a vesting order on a property I want to purchase in Mile End. The house is freehold but the garden is officially leasehold, 1000 year lease from 1854. Its the garden area.

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