Frequently asked questions relating to Godalming Lease Extensions

  • I am considering investing in a holiday home but it has a lease that expires in fifteen years. Its in Godalming - I wanted to see if with your services this could be extended?
  • I am looking to buy a studio flat in Godalming with a lease of 75 years but have no idea what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • 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?
  • The intention is to sell our maisonette in Godalming but we may need to extend the lease, or at least cover the costs of our buyers. Can you suggest a to undertake the legal formalities?
  • I have a leasehold apartment in Godalming. I have built a big extension and have not informed my freeholder. What should I do?
  • I am about to view a two bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has 54 years balance left on the lease. It is also a repo so I'm assuming that the bank will not be interested in doing a lease extension. My main concern is would the short lease make it difficult to secure a mortgage?
  • My partner and I have a residential flat in Godalming with 63 years left. Ten months ago we were quoted a deal to have a lease extension for another fifty years but also uplift the ground rent from nominal to £300 per annum..plus a premium I think of about 14k. We have now decided to proceed but do we now have to start the negotiations again?
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously told that I have to have the finances in place before I initiate the process, is this correct?
  • Hello I am the freeholder interest in a 3 bedroom flat in Godalming. The leaseholder has a sixety eight year lease and would like to purchase an additional 90 years. He is offering me £21,000 but I am unsure if this is in the right ballpark
  • I know that others in the same building previously had a lease extension, and the landlord seemed reasonable. It therefore appears worth taking risk of avoiding a formal survey and base the initial offer on previous prices . This would save on double valuation fees. Is this advisable?

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