Lease Extensions in Banstead

Questions and Answers: Banstead Lease Extensions

I have an interest in the freehold of 2 blocks of flats comprising of 8 flats each. 2 of the leaseholders want a lease extension and I'm wondering about the procedure for this

I have got a leasehold flat in the Banstead area and was enquiring if I could obtain a lease extension. What are your processes and charges. Has 55 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?

I'm looking for a flat to buy in Banstead and I'm not really familiar with the leasehold title. I've identified a garden flat I like with a 91 years lease. I've read that I can apply for a lease extension having owned the property for a couple of years, but:- Should I be looking for some caveats that would prevent me for getting a lease extension?

I have my suspicions that my daughter might have had the wool pulled over her eyes. She submitted an offer on a studio flat in Banstead, where the lease is about seventy years but she was informed by the estate agents that the seller had extended it to 99 years. Only now has she been advised the owner was holding off for her to retain conveyancers ahead of instigating the lease extension. Seems unscrupulous, also it will take months to sort it all out. Am I reading too much into it?

I am the owner of a purpose-built flat based in a small block in Banstead. The leasehold interest in the apartment on a 99 year lease started on 1 October 1970 with a fixed ground rent of £25 per annum. I wish to obtain a lease extension. Is it possible for me to call someone to discuss my options please?

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?

I am the freeholder of a Edwardian property split into two flats. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 67 years. What are my next steps?

Are you able to provide an estimate to extend my mother’s lease on a garden flat in Banstead. She already has a price from the landlord for a lease extension but I am unclear whether it is too high.

We have a one bedroom apartment in Banstead with a lease of sixety seven years left with a value of around £370000 we want to add 90 years to it, how much is that likely to cost?

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