FAQs concerning Crayford Lease Extensions

  • We hope to sell our garden flat in Crayford but we may need to extend the lease, or possibly cover the expense of our buyers. Can you suggest a to handle this?
  • We are in a building made up three flats in Crayford and have been offered to buy the freehold for £5000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • My wife and I have a GFF based in Crayford. There is 81 years to run on the lease and we want to extend the lease. How much will it likely cost to get a lease extension by, say,45 years
  • I am looking to buy a one bed flat in Crayford for asking price of 125k, which has fivety five 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 question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I own a purpose-built flat located in a large development in Crayford. The leasehold interest in the apartment on a ninety five year lease started from 11th October 1972 with a non-reviewable yearly rent of 20. I wish to obtain a lease extension. Is it possible for me to call someone to go through my options please?
  • I an interested in finding out more about purchasing a leasehold residence. We are going to buy a link detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Crayford area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
  • I am in need of some help with a lease extension. I live in Belfast but the flat in question is based in Crayford. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I'm living at parents but have a garden flat in Crayford let out which has a 59 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 Crayford 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 13k. Should I keep or sell the flat?
  • My wife and I are hoping to buy a property (a three bedroom ground floor purpose built flat located inCrayford with share of freehold). Throughout our search, we were always looking at flats that had a minimum eighty five years unexpired. We found a apartment we liked and the selling agent assured that the lease term was not an issue. Yesterday our told us the lease only has seventy years and thus needs a lease extension. Do we walk away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my garden flat in Crayford

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