Sample questions relating to Plumstead Lease Extensions

  • I need to extend my current lease can you help me with that? I think it has 72 years balance left
  • I plan on buying a flat in Plumstead. The offer is subject to the lease extension. The current owner’s has given to the freeholder the Section 42 Notice. 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 Norwich and Peterborough Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I am a FTB of a leasehold flat in Plumstead. The lease has only 55 years residual lease term and ground rent is £95. Is it possible for the vendor to serve the Section 42 Notice and then assign over the right to me as the purchaser on the day of completion so that I can avoid waiting for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time consuming to the seller? To add to the complexity it’s the case of an missing landlord, so I am not sure how this will play out.
  • I am concerned that my niece might be having the wool pulled over her eyes. She submitted an offer on a studio flat in Plumstead, where the lease is about seventy seven years but she was informed by the estate agents that the owner had extended it to 125 years. Only now has she been told the owner was waiting for her to appoint conveyancers prior to commencing with the lease extension. Sounds unscrupulous, also it may take a while to sort it all out. What do you think?
  • My mortgage lender is requesting a £600 fee for their for a "deed of substituted security" for the lease extension for my flat in Plumstead... I am unable to find any reference of this in my mortgage guide... is this a standard charge?
  • Coming up to two years that I have been in my garden flat in Plumstead. I have 77 years outstanding on the lease. I am now looking either to purchase a share of freehold or extend my lease. I acquired the property for 342K, it is now roughly 425k. 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?
  • I'm hoping for some assistance with regard to extending the lease on my apartment. I'll be looking to do this in nine months time as we need to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Can you recommend a good who specialises in lease extensions. Preferably nearby in Plumstead?
  • My colleague is concerned about getting a lease extension from tricky landlord. Even though the legal procedures were followed under the appropriate legislation, the freeholder still tried to charge ground rent of £200 increasing by 100% every 25 years of the new term. Can you help?
  • We currently own a garden flat in Plumstead 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 sixety two 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. Can you offer some advice on this? Should I contact the freeholder first and will they be able to give me a cost?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my ground floor flat in Plumstead

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