Common questions relating to Tower Hill Lease Extensions

  • I am looking to buy a maisonette in Tower Hill with a lease of 61 years but not sure how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • I am a FTB of a leasehold flat in Tower Hill. The lease has only 59 years unexpired and ground rent is £75. Is it possible for the seller to serve the Initial Notice and then assign this right to me as the buyer once I complete the buying process so that I can avoid waiting for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time consuming to the seller? Unfortunately the freeholder can not be found, so I am not sure how does it work.
  • I have my suspicions that my daughter is being hoodwinked. She submitted an offer on a studio flat in Tower Hill, where the lease is approximately seventy three years but she was advised by the selling agents that the owner had extended it to 125 years. She has now been advised the flat owner was waiting for her to appoint conveyancers before commencing with the lease extension. Sounds odd to me, also it may take time to sort it all out. What do you think?
  • My husband and I have a leasehold flat in Tower Hill with 69 years to run. Ten months ago we were quoted a deal to grant a lease extension for another thirty years but also uplift the ground rent from nominal to £300 per year..plus a premium I think of about 9k. We have now decided to proceed but do we now have to start the negotiations again?
  • My flat in Tower Hill is up for sale and I have a hopefully firm offer. There is eighty one years unexpired on the lease and I want to extend the lease. How much will it likely cost to get a lease extension by, say,ninety years
  • We would like to extend our lease having owned the apartment for two years as of 22nd Jan 2016. It has nearon seventy five years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as is reasonably achievable.
  • I am in need of some help with a lease extension. I live in Belfast but the flat in question is based in Tower Hill. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • Just been over two years that I have owned my one bedroom ground floor purpose built flat in Tower Hill. I have sixety nine yrs outstanding on the lease. I am now wanting to buy a share of freehold or a lease extension. I acquired the property for 350K, it is now roughly 425k. 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: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to the tribunal etc)?
  • Even though I may not need a lease extension but I do need a vesting order on a property I want to purchase in Tower Hill. The house is freehold but the garden is officially leasehold, 1000 year lease from 1889. Its the garden area.
  • I am concerned about seeking a lease extension from tricky freeholder. Notwithstanding that the legal procedures were followed under the appropriate legislation, the landlord still tried to get ground rent of £300 increasing by 100% every twenty years of the new lease. Can you help?

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