Recently asked questions relating to Mile End Lease Extensions

  • I am in need of a rough estimate of what a lease extension will cost for a flat I would like to purchase. It has 66 years remaining.
  • We have seen a house for sale for £215k and we are very keen on but we've just discovered that it is leasehold. There are 899 years remaining so a lease extension is not an issue. 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 correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any help would be much appreciated.
  • I acquired a garden flat in Mile End. I am looking to extend lease on the property. It is approximately eighty years. I would just like to know what your charges are and how long the process takes.
  • I'm looking for a flat to buy in Mile End and I'm not really familiar with the leasehold concept. I've identified a garden flat I like with a 87 years lease. I've read that I can apply for a lease extension after a couple of years, but:- Is this a given?
  • I am a landlord of a block of flats in Mile End, and the leaseholders are in the process of being given lease extensions. I should hopefully get funds next month. Are there any tax implications, the property is in joint names with my wife ?
  • Me and my sister have owned a leasehold flat for about eighteen years. There are 78 years left on the lease. Following a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to LVT and would appreciate advice.
  • I am in need of some help with a lease extension. I live in Edinburgh but the flat in question is based in Mile End. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I'm living with my mum and dad but have a maisonette in Mile End let out which has a sixety six year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Mile End for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Should I keep or sell the flat?
  • I'm looking at acquiring an apartment in Mile End at a price of £210,000 the flat has just under 56 years left on the lease. I put in an offer conditional upon the lease being extended... .. that was back in November, hoping I'd be in before now. The owner has just come back saying they'll reduce the price by£8k if I deal with the lease extension myself. I'm unsure if I should take them up on the offer
  • I am the freeholder of a property in Mile End where the leaseholder would like a lease extension. Her so called valuation expert has suggested a figure of £9,000, but has increased this to £10,000 at the drop of a hat. My valuer has recommended a much higher premium. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to a FTT, can I deal with this myself, just equipped with the valuations I have? If not, what charges would I be likely to face?

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