FAQs concerning South Hornchurch Lease Extensions

  • I am seeking a lease extension for our garden flat in South Hornchurch and we don't fully comprehend the letter that we got from our landlord company. How long will it take?
  • Hello. I need a to have a look at my lease extension ahead of it being formalised just to make sure there's nothing that I haven't seen - it's just a reissue with a few small changes.
  • I am looking to either purchase the freehold or a lease extension of my property in South Hornchurch and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously refinance with Nationwide Building Society to release of equity. My adviser handling the remortgage suggested I get two quotes : one to extend the lease and one for outright purchase .The lease commenced in 1991 and since then the ground rent has been raised from £15.00 per year to £125 per annum.
  • I own a purpose-built flat in a small development in South Hornchurch. The leasehold interest in the flat on a 99 year lease started from 1 November 1969 with a set ground rent of £10 per annum. I wish to obtain a lease extension. Is it possible for me to call someone to go through my options please?
  • I'm living at parents but have a studio flat in South Hornchurch let out which has a seventy two 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 South Hornchurch 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 21k. Not sure sure whether to hold on or sell the flat?
  • Just been over 2 years that I have been in my one bedroom second floor purpose built maisonette in South Hornchurch. I have 61 yrs remaining on the lease. I am now looking either to buy a share of freehold or a lease extension. I acquired 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: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process goes to the tribunal etc)?
  • Me and my sister are are hoping to complete on a studio flat in South Hornchurch which has share of freehold and a leasehold. The lease was on the short side so the seller commenced extending the lease. The seller’s lawyer has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the house buying process is for our to do a "priority search" on the property title. The problem 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?
  • My fiance and I are hoping to acquire a home (a studio flat located inSouth Hornchurch with share of freehold). During our search, we were always looking at properties that had a minimum 83 years residual lease term. We found a place we fell in love with and the estate agent promised us that the lease was long albeit not specifying a number. This morning our told us the lease only has 69 years and therefore needs a lease extension. Do we run away, or do we reduce our offer?
  • My and my fiance know that others in the same building had already had a lease extension, and the landlord seemed reasonable. It therefore appears worth taking risk of avoiding a formal survey and base the initial offer on on the premiums paid by others . This would save on double valuation fees. Is this advisable?
  • I require an estimate to extend my mother’s lease on a maisonette in South Hornchurch. She recently got a figure from the freeholder for a lease extension but I am not sure it is too expensive.

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