FAQs concerning Caterham Lease Extensions

  • I am looking to extend the lease on my one bedroom apartment in Caterham which will have sixety two years outstanding in November. What fees apply?
  • I am going to purchase a flat in Caterham. My offer is subject to the lease extension. The vendor’s solicitors has given to the freeholder the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Leeds Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I inherited a one bedroom apartment in Caterham. I am looking for a lease extension on the property. It is nearon eighty years. I would just like to know what your charges are and how long it would take for completion.
  • I have a leasehold flat in Caterham. I have built a large extension and have not informed the leaseholder. What are my options?
  • I am about to view a one bedroom flat, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has sixety nine years unexpired on the lease. It is also a repo so I'm guessing that the bank will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?
  • I am in need of a lease extension for my flat in Caterham and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • I am looking to buy a one bed flat in Caterham for asking price of 125k, which has sixety seven years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If landlord 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?
  • My husband has a share of freehold, with two other leaseholders in a building in Caterham. House split into three apartments. He has a lease, which has nearon 74 yrs unexpired lease. How much would it cost for a lease extension and how many years would he need to extend by?
  • My fiance and I are purchasing a one bedroom apartment in Caterham which has share of freehold and a leasehold. The lease was starting to get low so the owner commenced extending the lease. The owner has submitted the lease extension paperwork to HMLR. An essential part of the conveyancing process is for our lawyers to do a "priority search" on the property title. The concern here is that as a lease extension has been submitted we've been told by our property lawyers it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it right that we have to be patient until the lease extension has actually been registered before completing.?
  • I am the freeholder of a property in Caterham and a leaseholder has requested a lease extension. Her so called valuation expert has suggested a figure of £8,000, but has upped this by £2,000 at the drop of a hat. My surveyor has put forward a much higher figure. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to tribunal, can I deal with this myself, just equipped with the valuations I have? If not, what fee would I be likely to face?
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    Lease Extensions in Caterham

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