FAQs concerning Upney Lease Extensions

  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Upney, and my lease will reach fivety seven years this December. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?
  • I plan on buying a flat located in Upney. The offer is conditional upon a lease extension. The current owner’s has served the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Bank of Ireland. Moreover, which are the following lease extension steps to complete the purchase?
  • I am looking to either purchase the freehold or a lease extension of my property in Upney and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a get a new mortgage with Barclays Direct to free up equity. My broker dealing with the remortgage suggested I get two estimates : one for the lease extension and one for the freehold purchase .The lease began in 1981 and since then the ground rent has increased from £38.00 per year to £100 per annum.
  • In 2012 I purchased a leasehold apartment in Upney. I have built a large extension and have not informed the freeholder. What are my options?
  • I'm looking for an apartment to purchase in Upney and I'm not really familiar with the leasehold title. I've identified a garden flat I like with a 87 years lease. I've read that I can get a lease extension after 2 years, but:- Should I be looking for some conditions that would prevent me for getting a lease extension?
  • We have a residential flat in Upney with 73 years unexpired. Ten months ago we were quoted a deal to grant a lease extension for a further fifty years but also uplift the ground rent from notional to £300 per annum..plus a premium I think of approximately 9k. We have now decided to go ahead but do we now have to renegotiate?
  • I am seeking advice as I am interested in a property that has only a 67 year lease and therefore requires a lease extension. Is it possible for me to call someone to discuss my options please?
  • I am the freeholder of a Edwardian property split into two apartments. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy four years. What are my next steps?
  • My partner and I are hoping to acquire a flat (a one bedroom apartment inUpney with share of freehold). Throughout our search, we were always looking at properties that had a minimum eighty five years left. We identified a place we liked and the selling agent promised us that the lease term was not an issue. This morning our advised us the lease only has 65 years and therefore needs a lease extension. Do we walk away, or do we reduce our offer?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my one bedroom apartment in Upney

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