Frequently asked questions relating to Banstead Lease Extensions

  • I bought a garden flat in Banstead that I am now unable to sell as a result of the lease needing a lease extension. What's your legal fee ?
  • I have shares in the freehold of buildings comprising of 8 flats each. Two of the leaseholders want a lease extension and I'm enquiring about the the process
  • I want to acquire a leasehold property and extend the lease. The vendor has been there over 2 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 ?
  • We hope to sell our one bedroom apartment in Banstead but we may need to extend the lease, or at least cover the expense of our buyers. Are you able to suggest someone to assist?
  • I intend to buy a one bed flat in Banstead for asking price of 125k, which has 66 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I am in need of some help with a lease extension. I live in Edinburgh but the flat in question is based in Banstead. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I'm living with my parents but have a maisonette in Banstead let out which has a 63 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Banstead for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Not sure sure whether to hold on or sell the flat?
  • My wife and I have been in discussion with our freeholder after having a valuation on our garden flat in Banstead. We have a 66 year lease and we wish to increase this to 99. The Freeholder has provided us with a financial figure that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • My brother is aware that others in the same block had already had a lease extension, and the freeholder was reasonable. It therefore appears worth taking risk of avoiding a formal survey and calculate the initial offer on previous premiums paid . This would save on double valuation fees. Is this advisable?
  • Do you handle lease extensions on land? (a plot of land in Banstead with 82yrs remaining)

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