Lease Extensions in Stepney

Frequently asked questions relating to Stepney Lease Extensions

I have a lease of seventy years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?

I bought a two bedroom second floor purpose built flat in Stepney. The lease started in 1998 for 99 years. Now I am looking to extend the lease. I am uncertain about additional expenses, could you tell me please how much I should expect to spend on this?

Is it possible to talk with you about a flat in Stepney, I am thinking of buying at auction next week. The flat only has a few years outstanding and I am curious about how much it would cost to get a lease extension and for your services.

I am a landlord of a block of flats in Stepney, and the leaseholders are in the process of being issued lease extensions. I anticipate receiving funds next week. Are there any tax implications, the property is in joint names with my wife ?

We have a first floor flat in Stepney with seventy one years unexpired. Ten months ago we were quoted a deal to receive a lease extension for another fifty years but also uplift the ground rent from notional to a little more..plus a premium I think of about 10k. We have now decided to move forward but do we now have to start the negotiations again?

Offer accepted on a a one bed flat in Stepney, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer come through which states the lease as 85 years.Contracts were due to be exchanged within a week. My question is Have the estate agents breached any law by misrepresenting the position concerning the lease term?

I am planning to get a lease extension and am wondering what step I have to do first, I have been previously advised that I have to have the finances in place before I commence the process, is this correct?

My partner and I are purchasing a garden flat in Stepney which has share of freehold and a leasehold. The lease was on the short side so the vendor is in the process of extending the lease. The seller’s lawyer has submitted the lease extension paperwork to HMLR. An essential part of the house buying process is for our lawyers to do a "priority search" on the property title. The concern here is that as a lease extension has been submitted we've been told by our solicitors it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it correct that we have to hold on pending registration of the new lease?

My fiance and I are hoping to buy a flat (a one bedroom apartment inStepney with share of freehold). During our search, we were always looking at apartments that had a minimum eighty five years unexpired. We came across a apartment we liked and the selling agent assured that the lease term was not an issue. Yesterday our conveyancers told us the lease only has 59 years and thus needs a lease extension. Do we walk away, or do we negotiate our offer?

We have a studio flat in Stepney with a lease of sixety nine years left with a value of around £290000 we want to add 90 years to it, how much is that likely to cost?

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