Thurrock Lease Extensions

Thurrock Lease Extensions: Q and A’s

I have a lease of 75 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?

The terms for the lease on my apartment in Thurrock are 101 years from 14 Sep 1988. Please provide me a quote to extend the lease if I give you more details please?

I inherited a ground floor flat in Thurrock. I am looking for a lease extension on the property. It is slightly less than eighty years. I would just like to know what your charges are and how long it would take for completion.

I'm looking for an apartment to purchase in Thurrock and I'm not really familiar with the leasehold arrangement. I've found a garden flat I like with a 82 years lease. I've read that I can go for a lease extension after a couple of years, but:- Should I be looking at some caveats that would prevent me for getting a lease extension?

My mortgage lender is requesting several hundred pounds for their for a "deed of substituted security" for the lease extension for my flat in Thurrock... I can find no mention of this in my mortgage guide... is this a normal fee to pay?

I am thinking about acquiring an auction property and came upon a studio flat in Thurrock. It only has a fifty-one year lease..the seller being mortgagees in possession will not want the aggravation of applying for a lease extension..what are the drawbacks of this except for the expensive fee to extend the lease and decreased chance of getting a mortgage with The Royal Bank of Scotland?

I intend to buy a one bed flat in Thurrock for asking price of 125k, which has 67 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?

My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?

I am currently negotiating a lease extension for my flat in Thurrock 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?

I was hoping you might be able to tell me the process of how to apply for a lease extension for my ground floor flat in Thurrock

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