Millbank Lease Extensions

Top Ten Questions relating to Millbank Lease Extensions

I own a leasehold flat in the Millbank area and was enquiring if I could obtain a lease extension. What are your processes and fees. There are 57 years balance left

I'm planning to make an offer on a house in Millbank but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Barclays Direct giving us the mortgage now?

I'm planning on buying a one bedroom apartment (leasehold) but the landlord has been missing for approximately 15yrs. I wonder whether it will be cheaper to try to acquire the reversionary title or to extend lease and apply for right to manage?

My co-lessees and I are in a building of five flats in Millbank and have been offered to buy the freehold for 7k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?

I invested in buying a garden flat in Millbank. I am looking to extend lease on the property. It is nearly eighty one years. I would just like to know what your charges are and how long it would take for completion.

I am looking to either purchase the freehold or a lease extension of my property in Millbank and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a refinance with Norwich and Peterborough Building Society to free up equity. The adviser dealing with the remortgage suggested I get two quotes : one to extend the lease and one for the freehold purchase .The lease commenced in 1972 and since then the ground rent has been raised from £25.00 per year to £200 per annum.

I am in need of some help with a lease extension. I live in Dublin but the property in question is based in Millbank. I would be grateful if you can give me a call when you get a chance to discuss the case.

If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?

I know that others in the same block previously had a lease extension, and the landlord seemed amenable. It therefore appears worth taking risk of not having formal valuation and calculate the initial offer on previous prices . This would save on double valuation fees. Would you suggest such a course of action?

I'm looking for some advice with regard to a lease extension on my 2 bed flat in Millbank. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

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