Questions and Answers: Thurrock Lease Extensions

  • I am looking for a lease extension on the lease on my ground floor flat in Thurrock which will have sixety three years unexpired lease in January. What fees are applicable?
  • I am looking at investing in a second home but it has a lease that expires in eighteen years. Its in Thurrock - I wanted to see if with your services it is possible for this to be extended?
  • 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 am looking to either 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 £3k to extend the lease. I plan to simultaneously refinance with Bank of Scotland to free up equity. The adviser handling the remortgage suggested I get two estimates : one for the lease extension and one for the freehold acquisition .The lease commenced in 1972 and since then the ground rent has been raised from £38.00 per annum to £300 per annum.
  • My mortgage lender requires 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 usual cost that they charge?
  • I am planning to extend the lease on my ground floor flat in Thurrock I am looking for help to verify the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • I own 50% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 70 years. I need a at my end. Can you advise please? I live near Thurrock and have a mortgage with Aldermore.
  • I am the freeholder of a 1930’s property split into two flats. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current sixety five years. What are my next steps?
  • Me and my partner are buying a one bedroom ground floor purpose built flat in Thurrock which has share of freehold and a leasehold. The lease was starting to get low so the vendor commenced extending the lease. The owner has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our 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 it may not be possible to do this "priority search" right now as the new property title number is not known. Is it right that we have to wait pending registration of the new lease?
  • 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?

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