Common questions relating to Elephant and Castle Lease Extensions

  • Hello. I need a to review my lease extension ahead of it being completed just to make sure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor variations.
  • My neighbours and I are in a building of five flats in Elephant and Castle and have been offered to buy the freehold for £3,500 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I am a first time buyer of a leasehold flat in Elephant and Castle. The lease has only sixety three years balance left and ground rent is £25. Is it possible for the flat owner to serve the Notice of Claim and then assign this right to me as the purchaser once I complete the buying process so that I can avoid waiting for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time consuming to the seller? Unfortunately it’s the case of an absent landlord, so I am not sure how does it work.
  • We have a one bedroom flat based in Elephant and Castle. There is 81 years remaining on the lease and we want to extend the lease. How much does it cost on average to get a lease extension by, say,thirty years
  • Offer accepted on a a studio flat in Elephant and Castle, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer sent through which states the lease as eighty years.Contracts were due to be exchanged in a couple of days. My question is Should I tell the seller that I will only proceed with the purchase (at the same price) on the condition they carry out a lease extension?
  • Me and my partner have owned a leasehold flat for approximately eighteen years. There are 55 years remaining on the lease. Following a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to a Tribunal and would appreciate advice.
  • I have a freehold of a three bedroom flat in Elephant and Castle. The leaseholders have sixety seven years on a lease and wants to purchase another 90 years. The have offered me 19k. Is this around the right price?
  • I own the freehold reversion of a property in Elephant and Castle where the leaseholder would like a lease extension. Her valuer has given a figure of £9,000, but has increased this to £10,000 at the drop of a hat. My surveyor has come back with £12,520. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to a FTT, can I handle the matter myself, just equipped with the valuations I have? If not, what fee would I be likely to incur?
  • Are you able to provide an estimate to extend my aunt’s lease on a one bedroom ground floor purpose built flat in Elephant and Castle. She recently got a figure from the freeholder for a lease extension but I am far from certain if it is too expensive.
  • We have a 2 bed flat in Elephant and Castle with a lease of 69 years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?

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