Recently asked questions relating to Woodford Green Lease Extensions

  • I want to acquire a leasehold property and lease extension. The homeowner has been there for three years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I am looking for a in Woodford Green and they should be on the Santander approved conveyancers panel as we need a lease extension and refinance simultaneously. Are you able to recommend a ?
  • I own a garden flat in Woodford Green. I am looking for a lease extension on the property. It is about 80 years. I would just like to know what your charges are and how long it would take for completion.
  • I am looking to either purchase the freehold or a lease extension of my property in Woodford Green and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously get a new mortgage with Halifax to release of equity. The adviser dealing with the remortgage suggested I get two estimates : one for the lease extension and one for outright purchase .The lease started in 1981 and since then the ground rent has been raised from £15.00 per annum to £100 per annum.
  • My mortgage provider requires a £500 fee for their to approve the lease extension deed for my flat in Woodford Green... I am unable to find any mention of this in my mortgage booklet... is this a normal cost that they charge?
  • I am considering buying an auction property and came upon a studio flat in Woodford Green. It has just 41 year lease..the vendor being mortgagees in possession will not want the aggravation of applying for a lease extension..what are the disadvantages of this other than the costly fee to put a new lease on it and reduced chance of obtaining a mortgage with Skipton Building Society?
  • Offer accepted on a a one bed flat in Woodford Green, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer sent through which states the lease as 85 years.Contracts were due to be exchanged in a couple of days. My question is Should I tell the flat owner that I will only proceed with the purchase (at the same price) on the condition they carry out a lease extension?
  • 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?
  • 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?
  • Just a quick question, how much does it cost for a lease extension on a residential property in Woodford Green for a three bed flat - sec 42 having been issued?

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