East Molesey Lease Extensions: Q and A’s

  • We have seen a house for sale for £195k and we are very interested but we've just discovered that it is leasehold. There are 798 years remaining so a lease extension is not a concern. 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 true? We wouldn't want to pay a mortgage for twenty years without owning the property. Any guidance would be much appreciated.
  • I am about to put an offer in on a three bed flat in East Molesey with a lease of 64 years but not sure how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • The terms for the lease on my apartment in East Molesey are 99 years from 14 Jan 1990. Can you give me a quote to extend the lease if I give you more details please?
  • I will soon view a one bedroom maisonette, although not exactly my perfect property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has 67 years remaining on the lease. It is also a repo so I'm assuming that the bank will not be interested in doing a lease extension. My main concern is would it be difficult to sell on without a lease extension?
  • I would like some advice on purchasing a leasehold residence. We are going to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in East Molesey area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
  • I own the freehold to two flats. Someone has the lease on the lower flat in East Molesey. I occupy in the top flat. I was reviewing the title deeds today when I noticed that my flat has a lease on it. There is 63 years balance left. If I want a lease extension then would I simply be paying for the lawyers charges?
  • Are you able to provide an estimate to extend my mum’s lease on a garden flat in East Molesey. She already has a figure from the landlord for a lease extension but I am unclear whether it is reasonable.
  • We currently own a maisonette in East Molesey and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 61 years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Can you offer some advice on this? Do I contact the landlord first and will they be able to give me a cost?
  • I have a lease of 61 years remaining on my flat in East Molesey. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?
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    Lease Extensions in East Molesey

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