Recently asked questions relating to Priorslee Lease Extensions

  • Hi, I am looking somewhere around or in Priorslee 8-10 years lease remaining houses. I dont know if I am on the right site. Can I find lease remaining houses from here?
  • I am looking to buy a garden flat in Priorslee with a lease of 65 years but unsure how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • Is it possible to talk with you about a leasehold property in Priorslee, I am considering buying at auction next week. The flat only has a few years remaining and I am curious about how much it would cost to get a lease extension and for your services.
  • I'm looking for an apartment to buy in Priorslee and I'm not really familiar with the leasehold tenure. I've identified a garden flat I like with a 82 years lease. My research reveals that I can get a lease extension having owned the property for a couple of years, but:- Should I anticipate any issue with my proposed mortgage lender Barclays Direct?
  • My OH and I are considering purchasing a maisonette in Priorslee which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what happens when lease ends, the cost of a lease extension, can the freeholder of the property evict me from my own flat and block me from having a lease extension?
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously advised that I have to have the finances in place before I set the ball rolling, is this correct?
  • I'm living at mother and father but have a garden flat in Priorslee let out which has a 75 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Priorslee for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Not sure sure whether to hold on or sell the flat?
  • We know that others in the same block previously had a lease extension, and the landlord was amenable. It therefore appears worth taking risk of avoiding a formal valuation and calculate the initial offer on on the premiums paid by others . This would save on double valuation charges. Is this advisable?
  • I have sixety five years remaining on my lease of a ground floor flat in Priorslee, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable
  • I am currently negotiating a lease extension for my flat in Priorslee 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?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Priorslee