East Croydon Lease Extensions: Q and A’s

  • I inherited a studio flat in East Croydon with a leasehold unexpired of seventy six years. I am wondering about how much it will cost me to extend my lease term
  • The intention is to sell our maisonette in East Croydon but we may need to extend the lease, or at least cover the costs of our buyers. Are you able to help me find a to handle this?
  • My mortgage lender requires a £450 fee for their to approve the lease extension deed for my flat in East Croydon... I am unable to find any mention of this in my mortgage literature... is this a usual cost that they charge?
  • I am considering bidding for an auction property and came upon a studio flat in East Croydon. It only has a 50 year lease..the current owner as mortgagees in possession dont want the aggravation of applying for a lease extension..what are the drawbacks of this other than the costly fee to put a new lease on it and reduced chance of getting a mortgage with Platform Home Loans Ltd?
  • I would like some help on purchasing a leasehold residence. We intend 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 East Croydon area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?
  • Just been over two years that I have owned my garden flat in East Croydon. I have 76 years unexpired lease on the lease. I am now wanting to buy a share of freehold or extend my lease. I acquired the property for 320K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: Is there a benefit in getting a East Croydon based or any will do fine?
  • I note that your website states the anticipated fee for dealing with a lease extension is £495. Is that the total cost excluding value added tax and the HMLR fee? The price has already been agreed with the freeholder for the lease extension for my garden flat in East Croydon
  • I am the registered freeholder to two flats. Someone has the lease on the ground flat in East Croydon. I occupy in the top flat. I was reviewing the land registry documents yesterday when I noticed that my flat is leasehold. There is 72 years unexpired. If I want a lease extension then would I simply be paying for the fees?
  • I have seventy four years remaining on my lease of a ground floor flat in East Croydon, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
  • I am currently negotiating a lease extension for my flat in East 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?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in East Croydon