Stratford Lease Extensions

Stratford Lease Extensions: Q and A’s

I am looking to purchase a one bedroom apartment in Stratford with a lease of 75 years but unsure what it will cost me to renew so I can put in an offer given to future cost of a lease extension.

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 Stratford. Her solicitors has been in contact regarding charges etc. I need a quote for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started July 1992.

My mortgage lender requires several hundred pounds for their conveyancing practitioners to agree a lease extension for my flat in Stratford... I can find no mention of this in my mortgage literature... is this a standard cost that they charge?

I have a share of the freehold. There are three apartments in the building. All the leaseholders are now looking for lease extensions. Are you able to help us with this situation?

I am planning to get a lease extension and am wondering what 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?

My son has a share of freehold, with two other leaseholders in a building in Stratford. House converted into three apartments. He has a lease, which has just over seventy years remaining. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?

I'm seeking some advice concerning a lease extension on my flat. The intention is to do this in nine months time as we have to move 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 LVT route. Do I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

I have 65 years remaining on my lease of a ground floor flat in Stratford, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable

We have a maisonette in Stratford with a lease of seventy three years left with a value of around £370000 we want to add 125 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 Stratford