Top Ten Questions relating to Plaistow Lease Extensions

  • My name´s Jackson. I’m property hunting in Plaistow I'm considering offering on a maisonette online, with around seventy five years outstanding, how much does it cost on average to extend in this location by, say, 35 years?
  • I have shares in the freehold of 2 blocks of flats comprising of six flats each. 2 of the leaseholders want a lease extension and I'm enquiring about the the process
  • I have got a leasehold flat in the Plaistow area and was curious if I could get a lease extension. What are your processes and charges. Has 69 years left
  • I am going to purchase a flat in Plaistow. The offer is conditional upon a lease extension. The seller’s has served 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 Alliance & Leicester . Moreover, which are the following lease extension steps to complete the purchase?
  • We are the registered owners of a leasehold with a landlord who has failed to respond by way of a counter-notice for a lease extension for our flat in Plaistow and looking to do a vesting order. Is this something you can handle for us?
  • I'm looking for an apartment to purchase in Plaistow and I'm not really familiar with the leasehold title. I've identified a studio flat I like with a 82 years lease. My research reveals that I can go for a lease extension having owned the property for 2 years, but:- Is this a given?
  • I will soon view a one bedroom maisonette, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has fivety seven years residual lease term on the lease. It is also a repossession so I'm assuming that the lender will not be interested in doing a lease extension. My main concern is would it be difficult to sell on without a lease extension?
  • Even though I may not need a lease extension but I do need a vesting order on a property I want to buy in Plaistow. The house is freehold but the garden is officially leasehold, 1000 year lease from 1895. Its the rear garden.
  • We have been in discussion with our freeholder after having a valuation on our studio flat in Plaistow. We have a 58 year lease and we wish to increase this to 99. The Freeholder has supplied us with a financial figure that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • I am currently negotiating a lease extension for my flat in Plaistow 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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