FAQs concerning Kidbrooke Lease Extensions

  • I have just completed on a one bedroom apartment based inKidbrooke and I'm deliberating extending the lease as soon as practicable e.g. after a couple of years
  • My partner has a flat based in Kidbrooke which we are about to put on the market. The leasehold has circa 55 years remaining on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we commence arranging a lease extension? Thank you.
  • We have seen a house for sale for £195k and we are very interested but we've just found out that it is leasehold. There are 928 years remaining 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 the house being ours. Any feedback would be much appreciated.
  • I plan on buying a flat located in Kidbrooke. The offer is conditional upon a lease extension. The flat owner’s conveyancers has served the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Barnsley Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • Offer accepted on a a three bedroom second floor purpose built flat in Kidbrooke, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer sent through which states the lease as 82 years.We are soon to exchange contracts within a week. My question is why has this only just come to my attention by my property lawyers?
  • I am looking for advice as I am interested in a property that has only a 62 year lease and therefore requires a lease extension. Is it possible for me to talk with someone to discuss my options please?
  • My son has a share of freehold, with two other leaseholders in a building in Kidbrooke. House split into three apartments. He has a lease, which has nearon 73 years outstanding. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • We have been in discussion with our freeholder after having a valuation on our 2 bed flat in Kidbrooke. We have a 56 year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a property lawyers to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • Just a quick one, how much are the legal fees for a lease extension on a residential property in Kidbrooke for a two bed flat - sec 42 is already served?
  • We have a one bedroom second floor purpose built flat in Kidbrooke with a lease of 62 years left with a value of around £290000 we want to add 125 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 Kidbrooke