Top Ten Questions relating to Balham Lease Extensions

  • I agreed with the freeholder for a lease extension on our flat located in Balham, 17k for a further 90yrs. What's your solicitors fee ?
  • My husband and I have just purchased a ground floor flat located inBalham and I'm deliberating a lease extension as soon as practicable e.g. in a couple of years
  • I inherited a property in Balham and it has around fivety four years balance left. I'd like to extend the lease period
  • I inherited a garden flat located in Balham with a leasehold unexpired of seventy three years. I am enquiring about what I will need to spend to extend my leasehold
  • I'm thinking of purchasing a maisonette (leasehold) but the landlord has been missing for approximately 15yrs. I wonder whether it will be less expensive to try to buy the reversionary title or to get a lease extension and apply for right to manage?
  • I am looking to either purchase the freehold or a lease extension of my property in Balham and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a refinance with Barclays to release of equity. The adviser dealing with the remortgage suggested I get two estimates : one for the lease extension and one for the freehold acquisition .The lease started in 1979 and since then the ground rent has increased from £38.00 per year to £125 per annum.
  • I have my suspicions that my daughter might have had the wool pulled over her eyes. She submitted an offer on a garden flat in Balham, where the lease is circa fivety nine years but she was advised by the selling agents that the vendor had extended it to 125 years. Only now has she been told the homeowner was waiting for her to instruct conveyancers prior to commencing with the lease extension. Seems underhand, also it will take time to sort it all out. Am I reading too much into it?
  • Coming up to two years that I have owned my three bed flat in Balham. I have sixety two yrs left on the lease. I am now looking either to buy a share of freehold or a lease extension. I acquired the property for 350K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my lawyers about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
  • I have a flat in Balham with sixety years left on the lease. I am looking for a property lawyers to act for me to get a lease extension. Can you help?
  • I'm intent on buying an apartment in Balham at a price of £210,000 the flat has something like 57 years left on the lease. My offer was subject to a lease extension... .. that was back in September, expecting I'd have completed by Christmas. The seller has just come back saying that they are prepared to reduce the price by£2k if they don't have to deal with the lease extension. I'm not sure whether that's a good idea
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    Lease Extensions in Balham

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