Frequently asked questions relating to Spitalfields Lease Extensions

  • 35k agreed with the freeholder, just attempting to find a Spitalfields for a lease extension. Our lease has just over seventy one yearsleft. How long will this take ?
  • I purchased a property in Spitalfields and it has slightly less than 68 years outstanding. I'd like to arrange a lease extension by twenty years
  • I have got a leasehold flat in the Spitalfields area and was wondering if I could obtain a lease extension. What are your processes and fees. Has seventy two years left
  • 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?
  • The terms for the lease on my flat in Spitalfields are 101 years from 15 Jan 1990. Can you give me a quote to extend the lease if I give you more details please?
  • My mortgage provider is requesting a £600 fee for their for a "deed of substituted security" for the lease extension for my flat in Spitalfields... I can find no mention of this in my mortgage guide... is this a usual fee to pay?
  • I am a landlord of a block of flats in Spitalfields, and the lessees are in the process of being granted lease extensions. I should hopefully get the money next week. Are there any tax implications, the property is in joint names with my wife ?
  • I am looking for advice as I am interested in a property that has only a sixety five year lease and therefore requires a lease extension. Is it possible for me to talk with someone to discuss my options please?
  • I own 70% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around seventy five years. I need a at my end. Can you advise please? I live near Spitalfields and have a mortgage with Santander.
  • I'm living at mother and father but have a garden flat in Spitalfields let out which has a 60 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 Spitalfields 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. Not sure sure whether to hold on or sell the flat?

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