Top Ten Questions relating to Morganstown Lease Extensions

  • I’m just looking for a ground floor flat to purchase in the Morganstown area and was curious what the likely fees would be to extend a lease? It has 73 years left...
  • I am looking to extend the lease on my three bed apartment in Morganstown which will have seventy three years left in January. What fees apply?
  • I am looking at investing in a second home but it has a lease that expires in twenty years. Its in Morganstown - I wanted to see if with your services this could be extended?
  • Do you only advise on lease extensions in Morganstown? I own a flat in Abbey Wood with 90 years remaining, I am looking for a quote from a .
  • 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?
  • I plan on buying a flat based in Morganstown. The offer is conditional upon a lease extension. The current owner’s has given to the freeholder the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender National Westminster Bank. Moreover, which are the following lease extension steps to complete the purchase?
  • We currently own a maisonette in Morganstown and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 76 years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Do you have some advice on this? Do I contact the landlord first and will they be able to give me a cost?
  • I am currently negotiating a lease extension for my flat in Morganstown as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my 2 bed flat in Morganstown
  • Do you handle lease extensions on land? (a plot of land in Morganstown with 82yrs remaining)

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