Common questions relating to The Park Lease Extensions

  • 40k agreed with the landlord, just trying to find a The Park for a lease extension. Our lease has nearly 74 yearsunexpired lease. What's your legal fee ?
  • I am looking for a lease extension on the lease on my one bedroom apartment in The Park which will have 61 years outstanding in November. What fees are applicable?
  • I am looking for a in The Park and they need to be on the Godiva Mortgages Ltd approved conveyancers panel as we need a lease extension and refinance at the same time. Are you able to recommend a ?
  • The terms for the lease on my flat in The Park are 95 years from 12 Feb 1988. Can you supply me me a quote to extend the lease if I give you more information please?
  • I am looking to either purchase the freehold or a lease extension of my property in The Park and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously remortgage with Skipton Building Society to release of equity. The broker dealing with the remortgage suggested I get two estimates : one for the lease extension and one for the freehold acquisition .The lease began in 1991 and since then the ground rent has increased from £15.00 per annum to £125 per annum.
  • I'm looking for an apartment to buy in The Park and I'm not really familiar with the leasehold arrangement. I've found a place I like with a 90 years lease. I've read that I can apply for a lease extension after 2 years, but:- Should I be looking for some conditions that would prevent me for getting a lease extension?
  • My husband and I have a residential flat in The Park with fivety nine years remaining. Last year we were quoted a deal to receive a lease extension for a further 25 years but also increase ground rent from notional to a little more..plus a premium I think of approximately 14k. Finally we have decided to move forward but do we now have to start the negotiations again?
  • I would like some advice on leasehold property buying. We hope to buy a link detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in The Park area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
  • Just been over two years that I have owned my ground floor flat in The Park. I have 70 yrs remaining on the lease. I am now wanting to purchase a share of freehold or extend my lease. I acquired the property for 342K, it is now roughly 445k. 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?
  • We know that others in the same block had already had a lease extension, and the freeholder seemed reasonable. It therefore appears worth taking risk of not having formal valuation and calculate the initial offer on previous prices . This would save on double valuation fees. Would you suggest this course of action?

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