Balham Lease Extensions: Q and A’s

  • So this is the scenario: I own a studio flat in Balham that I am finding difficult to sell as a result of the lease requiring a lease extension. Can you please help me with this situation ?
  • My name´s Leo. I’m house hunting in Balham I'm seeing a three bed flat online, with approximately 68 years left, how much does it cost on average to get a lease extension by, say, twenty years?
  • I am in need of a rough estimate of what a lease extension will cost for a flat I intend to buy. It has 74 years unexpired.
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • We are looking to extend our lease. We will have been in the property for 2 years as of 21st Jan 2015. It has around seventy two years remaining currently. Hoping to get a lease extension with a further 90 years as expeditiously and stress free as possible.
  • I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • I have a leasehold property in Balham with 63 years remaining on the lease. I am looking for a to help me achieve a lease extension. Can you help?
  • Me and my sister are buying a garden flat in Balham which has share of freehold and a leasehold. The lease was starting to get low so the seller commenced dealing with a lease extension. The seller’s lawyer has submitted the lease extension paperwork to HMLR. An essential part of the house buying process is for our to do OS1 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 lease title number is not known. Is it right that we must hold on until the lease extension has actually been registered before completing.?
  • I own the freehold reversion of a property in Balham and a leaseholder has requested a lease extension. Her valuer has provided a figure of £8,000, but has upped this by £2,000 at the drop of a hat. My surveyor has suggested a much higher amount. 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 equipped with the valuations I have? If not, what costs would I be likely to face?
  • I'm hoping for some advice with regard to extending the lease on my flat. The plan is to do this in six months time as we have to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. Should I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?

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