Examples of recent questions relating to Lease Extensions in St James's

  • I’m about to offer on a a property to purchase in the St James's area and was curious how much would it cost for a lease extension? It has seventy two years unexpired...
  • I need to extend my current lease can you assist? I think it has sixety eight years remaining
  • I own a three bed flat in St James's. The lease started in 1992 for 99 years. Now I am looking for a lease extension. I am in the dark about further expenses, could you tell me please how much I should expect to spend on this?
  • The terms for the lease on my flat in St James's are 95 years from 14 Feb 1988. Can you supply me me a quote for a lease extension if I give you more information please?
  • I am about to view a one bedroom maisonette, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has 56 years left on the lease. It is also a repo so I'm assuming that the vendor will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?
  • I am a FTB of a leasehold flat in St James's. The lease has only seventy years outstanding and ground rent is £50. Is it possible for the current owner to serve the Initial Notice and then assign over the right to me as the purchaser on the day of completion so that I don't have to wait for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time consuming to the vendor? Unfortunately the landlord can not be found, so I am not sure how this will play out.
  • Me and my husband had entered into buying a one bedroom first floor purpose built maisonette in St James's. I was assured that the lease had been lengthened (fivety six years unexpired lease prior to extension). The description on the listing stated "sold with a long lease". It turns out at the point of exchange of contracts we find that the lease has not been extended. The vendor supposedly has a quote but no money to extend as a result the flat owner wishes to exchange and use the deposit monies to extend the lease. My question is is it not odd that my property lawyers didn't pick this up far earlier than just before exchange?
  • I am looking for advice as I am interested in a property that has only a seventy five year lease and therefore requires a lease extension. Can I call someone to go through my options please?
  • I have 77 years remaining on my lease of a ground floor flat in St James's, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable
  • I am currently negotiating a lease extension for my flat in St James's 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?

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