Frequently asked questions relating to Wanstead Lease Extensions

  • I need to extend my current lease can you help me with that? My investigation with the Land Registry reveal that it has seventy nine years unexpired
  • I'm intending to make an offer on a house in Wanstead but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Nottingham Building Society giving us the mortgage now?
  • We have seen a house for sale for £185,000 and we are very interested but we've just found out that it is leasehold. There are 928 years residual lease term so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for 25 years without owning the property. Any suggestions would be much appreciated.
  • I invested in buying a ground floor flat in Wanstead. The lease started in 1992 for 99 years. Now I am wanting to extend the lease. I am unclear about further expenses, could you tell me please how much I should expect to spend on this?
  • My mortgage provider requires a £450 fee for their to agree a lease extension for my flat in Wanstead... I can find no reference of this in my mortgage booklet... is this a standard fee to pay?
  • 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 in need of some help with a lease extension. I live in Glasgow but the flat in question is based in Wanstead. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I note that your website states the likely fee to extend a lease is £495. Is that the total cost including vat and the HMLR fee? The premium has already been negotiated with the freeholder for the lease extension for my garden flat in Wanstead
  • Me and my OH are buying a garden flat in Wanstead which has share of freehold and a leasehold. The lease was starting to get low so the owner commenced extending the lease. The seller’s lawyer has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the house buying process is for our to do a "priority search" on the lease. 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 correct that we must be patient until the new lease is registered?
  • I am the freeholder of a property in Wanstead and a leaseholder would like a lease extension. Her so called valuation expert has provided a figure of £9,000, but has upped this by £2,000 at the drop of a hat. My valuer has come back with £12,520. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to a FTT, can I deal with this myself, just armed with the valuations I have? If not, what costs would I be likely to face?

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