Recently asked questions relating to Shoeburyness Lease Extensions

  • We have just acquired a studio flat based inShoeburyness and I'm deliberating a lease extension as soon as practicable e.g. in 24 months of ownership
  • My name´s Leo. I’m flat hunting in Shoeburyness I'm seeing a 2 bed flat online, with around 63 years remaining, how much does it cost on average to extend in this location by, say, thirty years?
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I am going to purchase a flat based in Shoeburyness. My offer is conditional upon a lease extension. The vendor’s conveyancers 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 about to view a two bedroom apartment, although not exactly my perfect property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 77 years residual lease term on the lease. It is also a repo so I'm assuming that the bank will not be interested in extending the lease. My main concern is would the short lease make it difficult to secure a mortgage?
  • I am concerned that my niece is being hoodwinked. She put in an offer on a maisonette in Shoeburyness, where the lease is circa sixety seven years but she was advised by the selling agents that the homeowner had extended it to 99 years. Only now has she been told the owner was holding off for her to appoint solicitors ahead of instigating the lease extension. Seems devious, also it may take a while to sort it all out. Am I reading too much into it?
  • My father has a share of freehold, with two other leaseholders in a building in Shoeburyness. House converted into three apartments. He has a lease, which has about 64 years unexpired lease. How much would it cost for a lease extension and how many years would he need to extend by?
  • 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.
  • Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Shoeburyness for a two bed flat - sec 42 having been issued?
  • My brother and I are hoping to acquire a property (a one bed flat based inShoeburyness with share of freehold). During our search, we were always looking at flats that had at least ninety years unexpired. We came across a flat we fell in love with and the estate agent assured that the lease was long albeit not specifying a number. This morning our solicitors informed us the lease only has 55 years and therefore requires a lease extension. Should we walk away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
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    Lease Extensions in Shoeburyness

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