South Ockendon Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to South Ockendon Lease Extensions
I’ve just bought a one bedroom apartment located inSouth Ockendon and I'm considering a lease extension as soon as I can e.g. in two years
Hi, I just randomly found this website. I'm looking for prices on what a lease extension will cost for a a property based in South Ockendon. It's on sale at the moment but has nearon seventy one years left on the lease
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 in South Ockendon. The offer is subject to the lease extension. The homeowner’s conveyancers has given to the freeholder 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 Barnsley Building Society. Moreover, which are the following lease extension steps to complete the purchase?
The terms for the lease on my apartment in South Ockendon are 101 years from 12 Sep 1988. Please give me a quote to extend the lease if I give you more information please?
We have a first floor flat in South Ockendon with 76 years left. Last year we were quoted a deal to grant a lease extension for a further thirty years but also increase ground rent from nominal to £250 per annum..plus a premium I think of about 9k. We have now decided to proceed but do we now have to renegotiate?
I an interested in finding out more about leasehold property buying. We are going to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in South Ockendon area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
We are purchasing a garden flat in South Ockendon which has share of freehold and a leasehold. The lease was on the short side so the owner 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. An essential part of the conveyancing process is for our lawyers to do OS1 search on the lease. The concern here is that as a lease extension has been submitted we've been told by our conveyancers 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 hold on until the new lease is registered?
I am currently in the process of refinancing my maisonette in South Ockendon and the next lender that I am looking to switch to requires at least 85 years remaining on the lease in order for them to progress matters. I have discovered that I currently have around 60 years on the leasehold so looking for some advice, guidance, and some quotes to start the lease extension process
I am currently negotiating a lease extension for my flat in South Ockendon as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?