Top Ten Questions relating to Elephant and Castle Lease Extensions

  • My OH agreed with the landlord to a lease extension on our flat located in Elephant and Castle, 8k for an additional 90yrs. Can you please assist us with this situation ?
  • I bought a studio flat located in Elephant and Castle with a leasehold unexpired of sixety three years. I am wondering about what I will need to spend to extend my leasehold
  • 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?
  • I am looking to either purchase the freehold or a lease extension of my property in Elephant and Castle and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously remortgage with Clydesdale to free up equity. The broker handling the remortgage suggested I get two estimates : one to extend the lease and one for outright acquisition .The lease began in 1981 and since then the ground rent has been raised from £15.00 per annum to £300 per annum.
  • I am a freeholder of a block of flats in Elephant and Castle, and the leaseholders are in the process of being issued lease extensions. I should hopefully get the money within a month or so. As I am not on self assessment do I contact HMRC ?
  • I am the owner of a purpose-built apartment based in a large block in Elephant and Castle. The leasehold interest in the apartment on a 101 year lease which commenced from 30th January 1969 with a non-reviewable yearly rent of 35. I wish to obtain a lease extension. Is it possible for me to talk with someone to go through my options please?
  • I am the freeholder of a Edwardian property split into two flats. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 65 years. What are my next steps?
  • My husband and I would like to know the cost of a lease extension valuation for a property based in Elephant and Castle. Would you be able to help?
  • Just been over 2 years that I have owned my studio flat in Elephant and Castle. I have 78 yrs left on the lease. I am now looking either to purchase a share of freehold or a lease extension. I purchased the property for 350K, it is now roughly 425k. 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: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to the tribunal etc)?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my two bedroom ground floor purpose built flat in Elephant and Castle

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