St Giles Lease Extensions: Q and A’s

  • I’m just looking for a one bed apartment to purchase in the St Giles area and was curious what the likely fees would be for a lease extension? It has seventy eight years remaining...
  • Hello, I stumbled upon this website. I'm seeking prices on what it cost to extend a lease of a one bed apartment in St Giles. It's up for sale at the moment but has nearly fivety eight years left on the lease
  • I am fairly sure that our has advised us incorrectly concerning a lease extension and I would like to know how to go about making a formal complaint
  • I am looking for a rough estimate of what a lease extension will cost for a flat I intend to buy. It has sixety years remaining.
  • 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 have contacted my freeholder for a lease extension for my flat in St Giles. Her has been in contact with costs etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started October 1992.
  • Offer accepted on a a one bedroom apartment in St Giles, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer sent through which states the lease as 85 years.We are soon to exchange contracts within a week. My query is Is it not odd that my failed to spot this far earlier than just before exchange?
  • Me and my fiance would like to know the cost of a lease extension valuation for a property based in St Giles. Is this something you can assist us with?
  • Just been over two years that I have been in my 2 bed flat in St Giles. I have sixety seven years outstanding on the lease. I am now wanting to buy a share of freehold or extend my lease. I acquired the property for 320K, 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: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
  • We are buying a garden flat in St Giles which has share of freehold and a leasehold. The lease was starting to get low so the owner commenced extending the lease. 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 to do a pre-completion search on the property title. The concern 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 property title number is not known. Is it correct that we must wait until the lease extension has actually been registered before completing.?

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