Fetcham Lease Extensions: Q and A’s

  • I have got a leasehold flat in the Fetcham area and was enquiring if I could obtain a lease extension. What are your processes and charges. There are sixety six years residual lease term
  • The intention is to sell our one bed flat in Fetcham but we may need to extend the lease, or at least cover the expense of our purchaser. Can you recommend a to help us?
  • My mortgage lender is requesting a £500 fee for their to agree a lease extension for my flat in Fetcham... I can find no mention of this in my mortgage booklet... is this a standard charge?
  • I'm living with my mum and dad but have a studio flat in Fetcham let out which has a sixety five year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Fetcham for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Not sure sure whether to hold on or sell the flat?
  • I'm intent on purchasing an apartment in Fetcham valued at £256,000 the flat has approximately 57 years left on the lease. I put in an offer subject to a lease extension... .. that was back in August, hoping I'd be in before now. The owner has just come back saying they are willing to reduce the price by£2k if they don't have to deal with the lease extension. I'm not sure if I should take them up on the offer
  • Hopefully an easy question for you, how much is the premium payable for a lease extension on a residential property in Fetcham for a two bed flat - sec 42 is already in place?
  • We are in the throws of buying a home (a one bedroom apartment located inFetcham with share of freehold). During our search, we were always looking at properties that had at least 83 years residual lease term. We identified a flat we liked and the selling agent promised us that the lease was long albeit not specifying a number. Today our advised us the lease only has 72 years and thus needs a lease extension. Do we walk away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I own the freehold reversion of a property in Fetcham and a leaseholder would like a lease extension. Her valuer has suggested a figure of £8,000, but has upped this by £2,000 without too much effort. My surveyor has come back with £12,520. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to a FTT, can I deal with this myself, just equipped with the valuations I have? If not, what fee would I be likely to incur?
  • I am currently in the process of refinancing my 2 bed flat in Fetcham and the next lender that I am looking to switch to requires at least 80 years on the leasehold of my property in order for them to progress matters. We currently have around 65 years on the leasehold so looking for some advice, guidance, and some quotes to start the lease extension process
  • We have a one bedroom apartment in Fetcham with a lease of 56 years left with a value of around £410000 we want to add 90 years to it, how much is that likely to cost?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Fetcham