Questions and Answers: Plaistow Lease Extensions

  • I'm wanting to make an offer on a house in Plaistow but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Coventry Building Society giving us the mortgage now?
  • I am a landlord of a block of flats in Plaistow, and the lessees are in the process of being granted lease extensions. I should hopefully get funds next week. As I am not on self assessment do I get in touch with the tax man ?
  • I am looking to buy a one bed flat in Plaistow for asking price of 145k, which has 65 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • My conveyancing practitioners (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • I would like some advice on purchasing a leasehold residence. We are going to buy a link detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Plaistow area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
  • Me and my husband have been in discussion with our freeholder after having a valuation on our garden flat in Plaistow. We have a 72 year lease and we wish to increase this to 99. The Freeholder has provided 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 property lawyers to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I have a freehold of a one bedroom flat in Plaistow. The leaseholders have 65 years on a lease and wants to purchase another 90 years. The have offered me 22k. Is this around the right price?
  • My OH and I are purchasing a ground floor flat in Plaistow which has share of freehold and a leasehold. The lease was on the short side so the vendor is in the process of extending the lease. The vendor has submitted the lease extension paperwork to HMLR. A crucial aspect of the house buying process is for our lawyers to do a pre-completion search on the property title. The problem here is that as a lease extension has been submitted we've been told by our conveyancing practitioners it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it correct that we must wait until the lease extension has actually been registered before completing.?
  • I own the freehold to two flats. Someone has the lease on the ground flat in Plaistow. I reside in the top flat. I was looking at the title deeds recently when I noticed that my flat is leasehold. There is 67 years residual lease term. If I want a lease extension then would I simply be paying for the property lawyers fees?
  • We currently own a one bedroom ground floor purpose built flat in Plaistow 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 20k plus to get a lease extension. Can you offer some advice on this? Should I contact the landlord first and will they be able to give me a cost?

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