Lease Extensions in Moorends

Frequently asked questions relating to Moorends Lease Extensions

I need to extend my existing lease can you help me with that? I think it has 68 years residual lease term

I'm considering buying a studio flat (leasehold) but the freeholder has been missing for around 15yrs. My question is would it be less expensive to try to buy the freehold or to get a lease extension and apply for right to manage?

Is it possible to talk with you about an apartment in Moorends, I am thinking of bidding at auction next month. The flat has a short lease and I wanted to inquire about how much it would cost to get a lease extension and for your services.

I am concerned that my daughter is being hoodwinked. She put in an offer on a three bedroom first floor purpose built maisonette in Moorends, where the lease is roughly sixety one years but she was informed by the selling agents that the homeowner had extended it to 99 years. Only now has she been advised the vendor was waiting for her to appoint conveyancers ahead of instigating the lease extension. Sounds unscrupulous, also it may take months to sort it all out. Am I being too sceptical?

My wife and I had entered into buying a 2 bed flat in Moorends. I was advised that the lease had been lengthened (74 years outstanding prior to extension). The description on the listing stated "sold with a long lease". It turns out as we are about to exchange of contracts we find that there has been no lease extension. The homeowner apparently has a quote but no money to extend and consequently the current owner wishes to exchange and use the deposit monies to extend the lease. My question is how is possible that the estate agent got it so wrong?

Just been over 2 years that I have owned my ground floor flat in Moorends. I have 78 yrs outstanding on the lease. I am now wanting to buy a share of freehold or a lease extension. I purchased the property for 320K, it is now roughly 445k. 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: In terms of surveyors - how do I go about finding one?

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 doing it?

We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my maisonette in Moorends

Do you handle lease extensions on land? (a plot of land in Moorends with 82yrs remaining)

I have a lease of sixety one years remaining on my flat in Moorends. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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