Herne Hill Lease Extensions Example Support Desk Enquiries

  • We have seen a house for sale for £185,000 and we are very interested but we've just discovered that it is leasehold. There are 899 years residual lease term so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for twenty years without owning the property. Any help would be much appreciated.
  • I am the registered owner of a garden flat in Herne Hill. The lease commenced in 1992 for 99 years. Now I am wanting for a lease extension. I am in the dark about further expenses, could you tell me please how much I should expect to spend on this?
  • The terms for the lease on my apartment in Herne Hill are 95 years from 14 Jan 1988. Please give me a quote to extend the lease if I give you more information please?
  • I am the registered owner of a garden flat in Herne Hill. I am looking to extend lease on the property. It is nearing eighty one years. I would just like to know what your charges are and how long the process takes.
  • I am looking to either purchase the freehold or a lease extension of my property in Herne Hill and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously get a new mortgage with Accord Mortgages Ltd to free up equity. My adviser handling the remortgage suggested I get two estimates : one for the lease extension and one for outright purchase .The lease commenced in 1991 and since then the ground rent has increased from £15.00 per annum to £125 per annum.
  • My mortgage provider requires a £450 fee for their to agree a lease extension for my flat in Herne Hill... I can find no mention of this in my mortgage literature... is this a usual fee to pay?
  • My husband and I have a ground floor flat in Herne Hill with fivety five years left. Ten months ago we were quoted a deal to grant a lease extension for a further thirty years but also uplift the ground rent from nominal to £300 per year..plus a premium I think of about 10k. Finally we have decided to go ahead 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 1930’s property split into two flats. 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 64 years. What are my next steps?
  • I am planning on refinancing my garden flat in Herne Hill and the new lender that I am looking to switch to needs a minimum 85 years remaining on the lease in order for them to progress matters. We currently have around sixety eight years on the leasehold so require some help, guidance, and some quotes to start the lease extension process

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