Millwall Lease Extensions: Q and A’s

  • 20,000 agreed with the freeholder, just attempting to find a Millwall for a lease extension. Our lease has about 55 yearsremaining. What's your legal fee ?
  • I’ve just purchased a studio flat based inMillwall and I'm thinking about a lease extension as soon as I can e.g. in 24 months of ownership
  • I am looking for a lease extension on the lease on my studio flat in Millwall which will have fivety six years unexpired lease in September. What fees do you charge for this?
  • We have seen a house for sale for £215k and we are very interested 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 information would be much appreciated.
  • I bought a ground floor flat in Millwall. The lease started in 1997 for 99 years. Now I am wanting to extend the lease. I am uncertain about further expenses, could you tell me please how much I should expect to spend on this?
  • The terms for the lease on my flat in Millwall are 99 years from 14 Sep 1989. Can you give me a quote for a lease extension if I give you more details please?
  • I am a FTB of a leasehold flat in Millwall. The lease has only 60 years left and ground rent is £75. Is it possible for the current owner to serve the Initial Notice and then assign this right to me as the buyer on the day of completion so that I can avoid waiting for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time costly to the flat owner? To add to the complexity the landlord is absent, so I am not sure how this will play out.
  • I am hoping to extend the lease on my ground floor flat in Millwall I am looking for help to verify the premium. I have a price from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.
  • If somebody owns a flat with a lease of less than 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 own the freehold reversion of a property in Millwall where the leaseholder has requested a lease extension. Her valuer has suggested a figure of £8,000, but has upped this to £10,000 without too much effort. My surveyor has suggested a much higher figure. 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 handle the matter myself, just armed with the valuations I have? If not, what fee would I be likely to incur?

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