Epsom Lease Extensions

Recently asked questions relating to Epsom Lease Extensions

I own a leasehold flat in the Epsom area and was enquiring if I could obtain a lease extension. What are your processes and charges. There are sixety four years balance left

I bought a garden flat in Epsom. The start date for the lease was in 1998 for 99 years. Now I am looking for a lease extension. I am unclear about further expenses, could you tell me please how much I should expect to spend on this?

I am looking to either purchase the freehold or a lease extension of my property in Epsom and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a remortgage with Chelsea Building Society to release of equity. My adviser handling the remortgage suggested I get two quotes : one to extend the lease and one for the freehold acquisition .The lease commenced in 1981 and since then the ground rent has increased from £25.00 per year to £300 per year.

My fiance and I are considering purchasing a three bed flat in Epsom which is a leasehold. I am wanting to weigh up the pros and cons of that - what occurs when lease expires, how much it costs to extend it, can the freeholder of the land evict me from my own flat and prevent me from having a lease extension?

We had entered into a purchase of a garden flat in Epsom. I was advised that the lease had been lengthened (sixety five years outstanding prior to extension). The sales particulars stated "sold with a long lease". It turns out at the point of exchange of contracts we find that the lease has not been extended. The flat owner apparently has a quote but no finances to extend as a result the current owner wants to exchange and use the my deposit for the lease extension. My question is as the lease hasn't been extended is there not a danger that it would breach my lenders lease length criteria?

I am looking to buy a one bed flat in Epsom for asking price of 156k, which has 77 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?

If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?

I own the freehold reversion of a property in Epsom and a leaseholder has requested a lease extension. Her valuer has provided a figure of £9,000, but has increased this by £2,000 at the drop of a hat. My valuer has come back with £12,520. 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 deal with this myself, just armed with the valuations I have? If not, what costs would I be likely to incur?

Are you able to provide an estimate to extend my mother’s lease on a ground floor flat in Epsom. She already has a figure from the freeholder for a lease extension but I am not sure it is too high.

We currently own a one bedroom apartment in Epsom 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? Should I contact the freeholder first and will they be able to give me a cost?

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