Esher and Claygate Lease Extensions

FAQs concerning Esher and Claygate Lease Extensions

I am looking for a conveyancers in Esher and Claygate and they should be on the The Royal Bank of Scotland approved conveyancers panel as we need a lease extension and remortgage simultaneously. Are you able to recommend a property lawyers ?

I bought a studio flat located in Esher and Claygate with a leasehold unexpired of 76 years. I am enquiring about how much I will need to spend to extend my lease

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 deliberating whether to purchase the freehold or a lease extension of my property in Esher and Claygate and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a get a new mortgage with Accord Mortgages Ltd to free up equity. The adviser dealing with the remortgage suggested I get two quotes : one for the lease extension and one for the freehold purchase .The lease commenced in 1991 and since then the ground rent has increased from £25.00 per year to £300 per year.

I am looking at purchasing an auction property and identified a studio flat in Esher and Claygate. It has just 49 year lease..the current owner as mortgagees in possession will not want to mess around with seeking a lease extension..what are the drawbacks of this except for the expensive fee to extend the lease and decreased chance of getting a mortgage with Aldermore?

We have a residential flat in Esher and Claygate with 57 years unexpired. Last year we were quoted a deal to have a lease extension for a further fifty years but also uplift the ground rent from notional to £300 per annum..plus a premium I think of approximately 10k. Finally we have decided to proceed but do we now have to start the negotiations again?

I am planning to get a lease extension and am wondering what step I have to do first, I have been previously told that I have to have the finances in place before I set the ball rolling, is this correct?

I am the freeholder of a Edwardian property split into two apartments. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 62 years. What are my next steps?

If somebody 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 extending the lease?

We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my one bedroom apartment in Esher and Claygate

Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Esher and Claygate