Wanstead Flats Lease Extensions Example Support Desk Enquiries

  • We have seen a house for sale for £185,000 and we are very keen on but we've just discovered that it is leasehold. There are 798 years left so a lease extension is not required. 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 twenty years without owning the property. Any suggestions would be much appreciated.
  • I am looking into the costs of carrying out a lease extension for my one bedroom first floor purpose built flat in Wanstead Flats, and would like some figures on that.
  • I bought a garden flat in Wanstead Flats. I am looking to extend lease on the property. It is nearly 80 years. I would just like to know what your charges are and how long the process takes.
  • I am looking to either purchase the freehold or a lease extension of my property in Wanstead Flats and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a refinance with HSBC Bank to release of equity. My broker dealing with the remortgage suggested I get two estimates : one to extend the lease and one for the freehold purchase .The lease began in 1972 and since then the ground rent has been raised from £38.00 per year to £200 per annum.
  • My mortgage lender is requesting several hundred pounds for their to approve the lease extension deed for my flat in Wanstead Flats... I am unable to find any mention of this in my mortgage contract... is this a normal cost that they charge?
  • I am considering purchasing an auction property and identified a studio flat in Wanstead Flats. It only has a 50 year lease..the seller being mortgagees in possession dont want the aggravation of applying for a lease extension..what are the disadvantages of this other than the costly fee to extend the lease and reduced chance of getting a mortgage with Skipton Building Society?
  • I am the freeholder of a Georgian property split into two flats. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 66 years. What are my next steps?
  • I'm looking at purchasing a flat in Wanstead Flats valued at £210,000 the flat has something like 65 years unexpired on the lease. My offer was conditional upon the lease being renewed... .. that was back in November, hoping I'd have completed before now. The seller has just informed me they'll reduce the price by£7k if they don't have to deal with the lease extension. I'm not sure whether that's a good idea
  • Hopefully an easy question for you, how much does it cost for a lease extension on a residential property in Wanstead Flats for a one bed flat - sec 42 having been issued?
  • I am planning on remortgaging my ground floor flat in Wanstead Flats and the bank that I am looking to move to needs a minimum 80 years remaining on the lease in order for them to take the mortgage forward. I have found that I currently have around seventy five years on the leasehold so looking for some help, guidance, and some quotes to start the lease extension process

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