Frequently asked questions relating to Thurrock Lease Extensions

  • My wife has an apartment in Thurrock which we are about to put on the market. The leasehold has slightly more than 59 years residual lease term on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we get started on a lease extension? Many thanks.
  • We have seen a house for sale for £195k and we are very interested but we've just found out that it is leasehold. There are 928 years left 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 true? We wouldn't want to pay a mortgage for twenty years without owning the property. Any suggestions would be much appreciated.
  • I am thinking about whether to purchase the freehold or a lease extension of my property in Thurrock and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously refinance with Lloyds TSB Bank to release of equity. My adviser dealing with the remortgage suggested I get two estimates : one for the lease extension and one for outright purchase .The lease started in 1991 and since then the ground rent has increased from £38.00 per annum to £125 per annum.
  • I am looking at purchasing an auction property and identified a studio flat in Thurrock. It only has a 49 year lease..the vendor as mortgagees in possession will not want the aggravation of negotiating a lease extension..what are the disadvantages of this except for the huge fee to put a new lease on it and decreased chance of getting a mortgage with Norwich and Peterborough Building Society?
  • We wish to extend our lease having owned the property for two years as of 21st Feb 2015. It has around 65 years remaining currently. Hoping to get a lease extension by way of an additional 90 years as quickly and stress free as possible.
  • Offer accepted on a a two bedroom ground floor purpose built maisonette in Thurrock, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer sent through which states the lease as 85 years.We are about to exchange contracts within a week. My query is Is it not odd that my failed to spot this far earlier than just before exchange?
  • 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?
  • Me and my fiance have been in discussion with our freeholder after having a valuation on our three bedroom first floor purpose built maisonette in Thurrock. We have a sixety six year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I require an estimate to extend my mother’s lease on a one bedroom apartment in Thurrock. She recently got a price from the landlord for a lease extension but I am far from certain if it is too high.
  • Do you handle lease extensions on land? (a plot of land in Thurrock with 82yrs remaining)

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