Frequently asked questions relating to Oldland Lease Extensions

  • Hello, I stumbled across this website. I'm looking for prices on what it cost to extend a lease of a one bedroom apartment located in Oldland. It's up for sale at the moment but has around 63 years remaining on the lease
  • I have shares in the freehold of buildings comprising of 8 flats each. Two of the leasehold owners want to extend their leases and I'm enquiring about the the process
  • Do you only handle lease extensions in Oldland? I own a flat in Abbey Wood with 90 years unexpired lease, I am looking for a quote from a .
  • I am the registered owner of a studio flat in Oldland with a leasehold unexpired of 71 years. I am wondering about how much it will cost me to extend my leasehold
  • The intention is to sell our garden flat in Oldland but we may need to extend the lease, or at least cover the expense of our buyers. Can you help me find someone to undertake the legal formalities?
  • I am about to view a one bedroom flat, although not exactly my perfect property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has sixety years balance left on the lease. It is also a repossession so I'm assuming that the bank will not be interested in doing a lease extension. My primary concern is would it be difficult to sell on without a lease extension?
  • I own a purpose-built flat located in a large development in Oldland. The leasehold interest in the apartment on a 101 year lease started on 30th November 1980 with a non-reviewable ground rent of £15 per annum. I would like to obtain a lease extension. Can I talk with someone to go through my options please?
  • Coming up to 2 years that I have owned my one bedroom second floor purpose built flat in Oldland. I have 59 yrs remaining on the lease. I am now wanting to purchase a share of freehold or extend my lease. I purchased 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: In terms of surveyors - how do I go about finding one?
  • We are in the throws of buying a home (a maisonette located inOldland with share of freehold). During our search, we were always looking at apartments that had a minimum ninety years unexpired. We found a apartment we fell in love with and the selling agent promised us that the lease was long albeit not specifying a number. This morning our advised us the lease only has 58 years and therefore requires a lease extension. Do we walk away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I am currently negotiating a lease extension for my flat in Oldland 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?

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