Common questions relating to Upminster Bridge Lease Extensions

  • We agreed with the freeholder for a lease extension on our flat based in Upminster Bridge, 19k for an additional 90yrs. Can you please guide us with this situation ?
  • I’m just looking for a garden flat to purchase in the Upminster Bridge area and was wondering how much would it cost to extend a lease? It has 65 years outstanding...
  • Hi, I just randomly found this website. I'm seeking prices on what it cost to extend a lease of a a property located in Upminster Bridge. It's on the market at the moment but has nearon 70 years left on the lease
  • I have shares in the freehold of 2 blocks of flats comprising of six flats each. 2 of the leasehold owners want a lease extension and I'm curious about the procedure for this
  • We purchased a leasehold with a landlord who has failed to give us a counter-notice for a lease extension for our flat in Upminster Bridge and looking to do a vesting order. Is this something you can help us with?
  • I have my suspicions that my daughter is being hoodwinked. She submitted an offer on a one bedroom second floor purpose built maisonette in Upminster Bridge, where the lease is just under seventy six years but she was informed by the estate agents that the homeowner had extended it to 99 years. Only now has she been advised the seller was holding off for her to retain solicitors prior to commencing with the lease extension. Sounds odd to me, also it could take a while to sort it all out. Am I being too sceptical?
  • My apartment in Upminster Bridge is up for sale and I have a hopefully firm offer. There is 79 years unexpired on the lease and I want to extend the lease. What will it likely cost to get a lease extension by, say,35 years
  • My partner and I are proceeding with a purchase of a maisonette in Upminster Bridge. I was advised by the EA that the lease extension had already been completed while on a viewing (sixety three years left prior to extension). The sales particulars said "sold with a long lease". It turns out at the point of exchange of contracts we find that there has been no lease extension. The flat owner supposedly has a quote but no funds to extend as a result the current owner intends to exchange and use the my deposit for the lease extension. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?
  • If somebody owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
  • I am currently negotiating a lease extension for my flat in Upminster Bridge 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?

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