Examples of recent questions relating to Lease Extensions in Coombe Warren

  • Me and my OH have just acquired a two bedroom second floor purpose built flat based inCoombe Warren and I'm considering extending the lease as soon as I can e.g. in 24 months of ownership
  • I have shares in the freehold of buildings comprising of six flats each. 2 of the leasehold owners want to extend their leases and I'm enquiring about the procedure for this
  • We have seen a house for sale for £185,000 and we are very interested but we've just discovered that it is leasehold. There are 899 years outstanding so a lease extension is not a worry. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any advice would be much appreciated.
  • I own 60% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 71 years. I need a at my end. Can you advise please? I live near Coombe Warren and have a mortgage with Chelsea Building Society.
  • If somebody owns a flat with a lease of under 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?
  • We are acquiring a studio flat in Coombe Warren which has share of freehold and a leasehold. The lease was starting to get low so the owner is in the process of dealing with a lease extension. The vendor has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the conveyancing process is for our to do a "priority 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 property title number is not known. Is it correct that we must hold on until the new lease is registered?
  • We know that others in the same block had already had a lease extension, and the freeholder was amenable. It therefore appears worth taking risk of avoiding a formal survey and base the initial offer on on the prices by others . This would save on double valuation charges. Is this advisable?
  • I am currently in the process of remortgaging my ground floor flat in Coombe Warren and the bank that I am looking to switch to needs a minimum 85 years remaining on the lease in order for them to progress matters. I have discovered that I currently have around sixety four years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process
  • I am currently negotiating a lease extension for my flat in Coombe Warren as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • Do you handle lease extensions on land? (a plot of land in Coombe Warren with 82yrs remaining)

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