Questions and Answers: Shoeburyness Lease Extensions

  • I need to extend my existing lease can you help me with that? My investigation with the Land Registry reveal that it has 62 years balance left
  • I plan on buying a flat located in Shoeburyness. My offer is conditional upon a lease extension. The seller’s has served the Notice of Claim. 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 Aldermore. Moreover, which are the following lease extension steps to complete the purchase?
  • I am a first time buyer of a leasehold flat in Shoeburyness. The lease has only 78 years remaining and ground rent is £75. Is it possible for the vendor to serve the Section 42 Notice and then transfer this right to me as the buyer on the day of completion so that I don't have to wait for the 2 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 costly to the vendor? Unfortunately the landlord is absent, so I am not sure how does it work.
  • I am planning to extend the lease on my garden flat in Shoeburyness I am looking for help to verify 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.
  • I am in need of some help with a lease extension. I live in Belfast but the property in question is based in Shoeburyness. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • Coming up to 2 years that I have owned my garden flat in Shoeburyness. I have 55 yrs outstanding on the lease. I am now wanting to buy a share of freehold or extend my lease. I purchased the property for 350K, 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?
  • If somebody owns a flat with a lease of less than 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 doing it?
  • I'm intent on acquiring a flat in Shoeburyness valued at £210,000 the flat has just under seventy two years left on the lease. I put in an offer conditional upon a lease extension... .. that was back in August, hoping I'd have completed by Christmas. The owner has just informed me they'll knock £3k off if they don't have to deal with the lease extension. I'm not sure whether that's a good idea
  • We are purchasing a maisonette in Shoeburyness which has share of freehold and a leasehold. The lease was on the short side so the seller is in the process of dealing with a lease extension. The vendor 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 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 property title number is not known. Is it correct that we must wait until the new lease is registered?
  • Do you handle lease extensions on land? (a plot of land in Shoeburyness with 82yrs remaining)

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