Frequently asked questions relating to North Ockendon Lease Extensions

  • So this is the scenario: I am the registered owner of a one bed apartment in North Ockendon that I now cannot sell as a result of the lease needing a lease extension. How long will it take ?
  • I'm deliberating over purchasing a ground floor flat (leasehold) but the freeholder has been absent for about 15yrs. I wonder whether it will be less expensive to try to acquire the freehold or to get a lease extension and apply for right to manage?
  • We bought a leasehold with a landlord who has not given us a counter-notice for a lease extension for our flat in North Ockendon and are therefore considering the option of a vesting order. Is this something you can handle for us?
  • I am about to view a one bedroom flat, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has 67 years residual lease term on the lease. It is also a repossession so I'm guessing that the lender will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?
  • I have my suspicions that my daughter is being hoodwinked. She submitted an offer on a two bedroom ground floor purpose built flat in North Ockendon, where the lease is circa 68 years but she was told by the estate agents that the seller had extended it to 125 years. Only now has she been advised the homeowner was waiting for her to retain solicitors ahead of instigating the lease extension. Sounds unscrupulous, also it will take a while to sort it all out. Am I being too sceptical?
  • My mortgage lender requires a £600 fee for their to agree a lease extension for my flat in North Ockendon... I can find no reference of this in my mortgage literature... is this a normal cost that they charge?
  • My fiance and I have owned a leasehold flat for approximately eighteen years. It now has 57 years outstanding on the lease. Following a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to LVT and would welcome some independent thoughts.
  • I'm looking at buying a flat in North Ockendon at a price of £195,000 the flat has just under seventy three years remaining on the lease. My offer was conditional upon the lease being extended... .. that was back in September, expecting I'd have completed before Christmas. They have just come back saying they'll reduce the price by£2k if I deal with the lease extension myself. I'm not sure if I should take them up on the offer
  • My brother is worried about obtaining a lease extension from an objectionable freeholder. Notwithstanding that the legal procedures were adhered to under the appropriate legislation, the freeholder still tried to charge ground rent of £300 increasing by 100% every twenty years of the new term. Can you help?
  • We currently own a garden flat in North Ockendon 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 79 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?

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