Recently asked questions relating to St James Lease Extensions

  • We have seen a house for sale for £195k and we are very keen on but we've just found out that it is leasehold. There are 798 years outstanding so a lease extension is not a worry. 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 twenty years without the house being ours. Any help would be much appreciated.
  • I am considering purchasing an auction property and found a one bed flat in St James. It has just fifty year lease..the seller being mortgagees in possession will not want the aggravation of applying for a lease extension..what are the disadvantages of this other than the huge fee to put a new lease on it and reduced chance of obtaining a mortgage with Barclays Direct?
  • My apartment in St James is up for sale and I have a hopefully firm offer. There is 79 years to run on the lease and I want to extend the lease. How much does it cost on average to extend in this area by, say,25 years
  • We are considering buying a one bedroom apartment in St James which is a leasehold. I am wanting to weigh up the pros and cons of that - what happens when lease ends, how much it costs to extend it, can the freeholder of the land evict me from my own flat and block me from extending the lease?
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously told that I have to have the finances in place before I set the ball rolling, is this correct?
  • Coming up to two years that I have been in my garden flat in St James. I have 61 yrs left on the lease. I am now looking either to purchase a share of freehold or a lease extension. I purchased the property for 350K, it is now roughly 450k. 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: In terms of surveyors - how do I go about finding one?
  • I am the registered freeholder to two flats. Someone has the lease on the ground flat in St James. I live in the upper flat. I was reviewing the title deeds recently when I noticed that my flat has a lease on it. There is fivety seven years balance left. Can one carry out a lease extension without retaining a ?
  • Are you able to provide an estimate to extend my mother’s lease on a one bed flat in St James. She already has a price from the landlord for a lease extension but I am not sure it is reasonable.
  • We currently own a garden flat in St James and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 70 years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Can you offer some advice on this? Do I contact the landlord first and will they be able to give me a cost?
  • I'm looking for some advice with regard to a lease extension on my garden flat in St James. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Can you recommend a good who specialises in lease extensions?

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