Frequently asked questions relating to Smithfield Lease Extensions

  • I agreed with the head landlord for a lease extension on our flat in Smithfield, 15.5k for a further 90yrs. What's your solicitors fee ?
  • I'm intending to make an offer on a house in Smithfield 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 Halifax giving us the mortgage now?
  • I am looking to purchase a maisonette in Smithfield with a lease of fivety six years but unsure what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • 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 invested in buying a ground floor flat in Smithfield. The lease started in 1991 for 99 years. Now I am wanting for a lease extension. I am in the dark about further expenses, could you tell me please how much I should expect to spend on this?
  • Think I may have made an error, I am actually looking for a in Smithfield who has Leasehold Tribunal expertise when it comes to lease extensions. Are you able to assist me with?
  • We had entered into a purchase of a garden flat in Smithfield. I was advised that the lease had been extended (sixety one years outstanding prior to extension). The sales particulars stated "sold with a long lease". It transpires at the point of exchange of contracts we find that there has been no lease extension. The seller supposedly has a quote but no funds to extend and consequently the flat owner wishes to exchange and use the my deposit to extend the lease. My question is as the lease hasn't been extended is there not a danger that Platform Home Loans Ltd won't lend on a lease?
  • My brother and I would like to know the cost of a lease extension valuation for a property based in Smithfield. Is this something you can assist us with?
  • I'm living with my mother and father but have a one bedroom apartment in Smithfield let out which has a fivety five year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Smithfield for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Should I keep or sell the flat?
  • I do not need a lease extension but I do need a vesting order on a property I want to purchase in Smithfield. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1895. Its the rear garden.

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