Recently asked questions relating to Sewardstonebury Lease Extensions

  • I'm wanting to make an offer on a house in Sewardstonebury 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 HSBC Bank giving us the mortgage now?
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Sewardstonebury, and my lease will reach 76 years this May. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the Tribunal court?
  • My neighbours and I are in a building made up four flats in Sewardstonebury and have been offered to buy the freehold for 5k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I need to talk to you about an apartment in Sewardstonebury, I am considering bidding at auction next month. The flat has a short lease and I am curious about what it would cost to get a lease extension and for your services.
  • I am a freeholder of a block of flats in Sewardstonebury, and the leaseholders are in the process of being issued lease extensions. I should hopefully get funds next month. Are there any tax implications, the property is in joint names with my wife ?
  • We wish to extend our lease having owned the apartment for 2 years as of 11th April 2015. It has approximately 62 years remaining currently. Hoping to get a lease extension with a further 90 years as quickly and stress free as possible.
  • I own a purpose-built apartment located in a small development in Sewardstonebury. The leasehold interest in the apartment on a 99 year lease started on 30th October 1969 with a fixed yearly rent of 45. I wish to obtain a lease extension. Is it possible for me to talk with someone to discuss my options please?
  • Coming up to two years that I have been in my ground floor flat in Sewardstonebury. I have 78 years left on the lease. I am now looking either to buy a share of freehold or extend my lease. I purchased the property for 342K, it is now roughly 450k. 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 financing - do they add it to their existing mortgage or pay it out in cash?
  • Me and my husband are purchasing a two bedroom first floor purpose built maisonette in Sewardstonebury which has share of freehold and a leasehold. The lease was starting to get low so the vendor commenced extending the lease. The owner has submitted the lease extension paperwork to HMLR. An essential part of the conveyancing process is for our 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 it may not be possible to do this "priority search" right now as the new lease title number is not known. Is it correct that we have to be patient pending registration of the new lease?
  • Are you able to provide an estimate to extend my aunt’s lease on a three bed flat in Sewardstonebury. She already has a price from the freeholder for a lease extension but I am not sure it is too high.

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