Recently asked questions relating to Redbridge Lease Extensions

  • We agreed with the landlord for a lease extension on our flat based in Redbridge, 6k for another 90yrs. How long is the process ?
  • Hi, I just randomly found your website. I'm looking for prices on what it cost to extend a lease of a one bedroom apartment based in Redbridge. It's up for sale at the moment but has just over fivety six years remaining on the lease
  • We have seen a house for sale for £195k and we are very keen on but we've just found out that it is leasehold. There are 899 years balance left so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for 25 years without owning the property. Any information would be much appreciated.
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Redbridge, and my lease will reach 74 years this May. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?
  • I'm planning on buying a garden flat (leasehold) but the landlord has been absent for circa 15yrs. I wonder whether it will be cheaper to try to acquire the reversionary title or to get a lease extension and apply for right to manage?
  • We have a residential flat in Redbridge with seventy eight years left. Ten months ago we were quoted a deal to receive a lease extension for another thirty years but also uplift the ground rent from nominal to £250 per year..plus a premium I think of approximately 14k. We have now decided to move forward but do we now have to start the negotiations again?
  • Offer accepted on a a three bedroom second floor purpose built flat in Redbridge, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer sent through which states the lease as 85 years.Contracts were due to be exchanged within a week. My query is Have the estate agents breached any law by misrepresenting the position concerning the lease term?
  • I own 70% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 73 years. I need a at my end. Can you advise please? I live near Redbridge and have a mortgage with Norwich and Peterborough Building Society.
  • Me and my wife have been in discussion with our freeholder after having a valuation on our ground floor flat in Redbridge. We have a sixety two 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 to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • Me and my fiance are are hoping to complete on a garden flat in Redbridge which has share of freehold and a leasehold. The lease was on the short side so the owner is in the process of extending the lease. The seller’s lawyer has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the conveyancing process is for our to do OS1 search on the lease. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it right that we must be patient until the lease extension has actually been registered before completing.?

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