Lease Extensions in Croydon

Common questions relating to Croydon Lease Extensions

I have shares in the freehold of buildings comprising of seven flats each. 2 of the leasehold owners want to extend their leases and I'm curious about the procedure for this

I invested in buying a maisonette in Croydon. The lease started in 2001 for 99 years. Now I am looking for a lease extension. I am in the dark about further expenses, could you tell me please how much I should expect to spend on this?

My mortgage lender is requesting several hundred pounds for their for a "deed of substituted security" for the lease extension for my flat in Croydon... I can find no reference of this in my mortgage literature... is this a usual cost that they charge?

I own a share of the freehold. There are three flats in the block. All the leaseholders are now looking for lease extensions. Are you willing to assist us with this situation?

My nephew has a share of freehold, with two other leaseholders in a building in Croydon. House divided into three flats. He has a lease, which has just over fivety five yrs unexpired lease. How much would it cost for a lease extension and how many years would he need to extend by?

We have owned a leasehold flat for about twenty years. There are 57 years left on the lease. Following a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to LVT and would welcome advice.

I am the freeholder of a Edwardian property split into two apartments. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current fivety nine years. What are my next steps?

I do not need a lease extension but I do need a vesting order on a property I want to purchase in Croydon. The house is freehold but the garden is officially leasehold, 1000 year lease from 1854. Its the garden area.

I am currently negotiating a lease extension for my flat in Croydon 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?

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 Croydon

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