Redbridge Lease Extensions: Q and A’s

  • I invested in buying a flat in Redbridge with a leasehold unexpired about 61 years and need a lease extension. Please can you advise me of the next stages
  • I think our solicitors has advised us incorrectly concerning a lease extension and I want to know how to complain
  • I need to negotiate a lease extension for a flat in Redbridge and want to use a local solicitors. Is there a solicitors that you can recommend?
  • I want to purchase a leasehold property and lease extension. The flat owner has been there for four years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • The terms for the lease on my flat in Redbridge are 95 years from 15 Feb 1980. Can you give me a quote to extend the lease if I give you more information please?
  • We are considering purchasing a three bedroom second floor purpose built flat in Redbridge which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what occurs when lease ends, the cost of a lease extension, can the freeholder of the land evict me from my own flat and prevent me from extending the lease?
  • I am planning to extend the lease on my studio flat in Redbridge I am looking for a local company to calculate the premium. I have a quote from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.
  • Just been over 2 years that I have been in my studio flat in Redbridge. I have 57 yrs remaining 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 445k. I understand that 90 years is the period most people extend. I spoke to my lawyers about the process, he answered most of my questions but just have one left: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to the tribunal etc)?
  • If somebody owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
  • We are acquiring a 2 bed flat in Redbridge which has share of freehold and a leasehold. The lease was starting to get low so the owner is in the process of dealing with a lease extension. The seller has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the house buying process is for our property lawyers to do a pre-completion search on the lease. The concern here is that as a lease extension has been submitted we've been told by our solicitors 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 have to hold on until the lease extension has actually been registered before completing.?
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    Lease Extensions in Redbridge

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