FAQs concerning Croydon Lease Extensions

  • Do you only do lease extensions in Croydon? I own a flat in Abbey Wood with 90 years left, I am looking for a quote from a lawyers.
  • I plan on buying a flat based in Croydon. The offer is subject to the lease extension. The homeowner’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 Norwich and Peterborough Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I will soon view a one bedroom maisonette, although not exactly my ideal 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 five years outstanding on the lease. It is also a repo so I'm assuming that the lender will not be interested in extending the lease. My main concern is would the short lease make it difficult to secure a mortgage?
  • I am a landlord of a block of flats in Croydon, and the tenants are in the process of being issued lease extensions. I anticipate receiving the money next week. Are there any tax implications, the property is in joint names with my husband ?
  • We would like to extend our lease. We will have been in the flat for 2 years as of 22nd April 2015. It has slightly less than 65 years remaining currently. Hoping to get a lease extension by another 90 years as expeditiously and stress free as is reasonably achievable.
  • I am in need of a lease extension for my flat in Croydon and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • Hi I am the freeholder reversion in a 2 bedroom flat in Croydon. The leaseholder has a sixety seven year lease and would like to purchase another 125 years. He is offering me £18,000 but I am unsure if this is a correct amount
  • I'm intent on buying a flat in Croydon at a price of £256,000 the flat has approaching 67 years unexpired on the lease. My offer was subject to the lease being extended... .. that was back in November, hoping I'd have completed before now. The seller has just informed the agent that they are prepared to knock £5k off if they don't have to deal with the lease extension. I'm unsure if I should take them up on the offer
  • I am the freeholder of a property in Croydon where the leaseholder would like a lease extension. Her so called valuation expert has given a figure of £8,000, but has upped this to £10,000 without too much effort. My surveyor has suggested a much higher amount. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to tribunal, can I handle the matter myself, just armed with the valuations I have? If not, what fee would I be likely to face?
  • I'm looking for some advice with regard to a lease extension on my ground floor flat in Croydon. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
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    Lease Extensions in Croydon

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