FAQs concerning Balham Lease Extensions

  • I am the owner of a maisonnette together with the freehold. My upstairs neighbours have asked to extend the lease what do I need to do?
  • My co-lessees and I are in a block made up three flats in Balham and have been offered to buy the freehold for £3,500 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • Possibly made an error, I am searching for a in Balham who has Leasehold Tribunal expertise when it comes to lease extensions. Are you able to assist me with?
  • I am a FTB of a leasehold flat in Balham. The lease has only 78 years unexpired and ground rent is £25. Is it possible for the flat owner to serve the Section 42 Notice and then assign this right to me as the buyer once I complete the buying process so that I can avoid waiting for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time consuming to the vendor? To add to the complexity it’s the case of an absent landlord, so I am not sure how this will play out.
  • I am a landlord of a block of flats in Balham, and the tenants are in the process of being issued lease extensions. I should hopefully get funds next month. As I am not on self assessment do I get in touch with the Inland Revenue ?
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously advised that I have to have the finances in place before I set the ball rolling, is this correct?
  • I own a purpose-built apartment in a large block in Balham. The leasehold interest in the flat on a 101 year lease started from 2nd August 1970 with a set ground rent of £10 per annum. I wish to obtain a lease extension. Is it possible for me to call someone to discuss my options please?
  • 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 extending the lease?
  • I'm intent on buying a flat in Balham at a price of £195,000 the flat has approximately 60 years remaining on the lease. I put in an offer conditional upon the lease being extended... .. that was back in August, expecting I'd have moved in before Christmas. The seller has just come back saying they'll reduce the price by£8k if I deal with the lease extension myself. I'm unsure whether that's a good idea
  • I am currently in the process of refinancing my garden flat in Balham and the mortgage company that I am looking to move to requires a minimum 85 years on the leasehold of my property in order for them to take the mortgage forward. We currently have around 70 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 Balham