Top Ten Questions relating to South Hornchurch Lease Extensions

  • I have an interest in the freehold of 2 blocks of flats comprising of 8 flats each. 2 of the leaseholders want to extend their leases and I'm curious about the procedure for this
  • We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 928 years remaining so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without owning the property. Any help would be much appreciated.
  • I am about to view a one bedroom flat, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has 54 years unexpired 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 it be difficult to sell on without a lease extension?
  • I am considering bidding for an auction property and found a two bed flat in South Hornchurch. It has just 50 year lease..the current owner as mortgagees in possession will not want the aggravation of applying for a lease extension..what are the drawbacks of this except for the costly fee to extend the lease and decreased chance of getting a mortgage with Godiva Mortgages Ltd?
  • Re a residence in South Hornchurch. lower maisonette. 57 yrs unexpired. I have negotiated a lease extension price of £12,000 for 115yrs. Freeholder also insisted on Initial Notice which I think is a bit over the top. Can you assist.
  • We are are hoping to complete on a ground floor flat in South Hornchurch 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 conveyancing practitioners to do OS1 search on the property title. The problem here is that as a lease extension has been submitted we've been told by our lawyers it may not be possible to do this "priority search" right now as the new property title number is not known. Is it right that we have to wait pending registration of the new lease?
  • I know that others in the same building previously had a lease extension, and the freeholder was reasonable. Therefore is seems worth taking risk of not having formal survey and base the initial offer on on the prices by others . This would save on double valuation charges. Would you recommend this course of action?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my 2 bed flat in South Hornchurch
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my maisonette in South Hornchurch
  • Do you handle lease extensions on land? (a plot of land in South Hornchurch with 82yrs remaining)

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