Common questions relating to Old Stratford Lease Extensions

  • Hello, I just randomly found your website. I'm looking for prices on what a lease extension will cost for a garden flat based in Old Stratford. It's up for sale at the moment but has just over 64 years of unexpired leasehold
  • I want to buy a leasehold property and lease extension. The current owner has been there for four years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • Think I may have made an error, I am seeking a in Old Stratford who has Leasehold Tribunal expertise in relation to lease extensions. Is this something you can help me with?
  • We are looking to extend our lease having owned the place for 2 years as of 21st Feb 2015. It has around fivety seven years remaining currently. Hoping to get a lease extension by way of an additional 90 years as quickly and stress free as possible.
  • I am the freeholder of a Edwardian property split into two apartments. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy four years. What are my next steps?
  • Coming up to 2 years that I have been in my one bedroom apartment in Old Stratford. I have seventy eight years unexpired lease on the lease. I am now wanting to buy a share of freehold or a lease extension. I acquired the property for 350K, 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: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
  • My partner and I are are hoping to complete on a garden flat in Old Stratford which has share of freehold and a leasehold. The lease was on the short side so the seller commenced dealing with a lease extension. The seller has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the conveyancing process is for our to do a "priority search" on the lease. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it right that we must wait until the new lease is registered?
  • I am the freeholder of a property in Old Stratford where the leaseholder would like a lease extension. Her valuer has given a figure of £8,000, but has upped this by £2,000 at the drop of a hat. My valuer has come back with £12,520. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to a FTT, can I deal with this myself, just equipped with the valuations I have? If not, what fee would I be likely to incur?
  • I am currently negotiating a lease extension for my flat in Old Stratford 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 one bedroom apartment in Old Stratford

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