Top Ten Questions relating to Kingston Lease Extensions

  • My name´s Ali. I’m flat hunting in Kingston I'm seeing a ground floor flat online, with slightly more 55 years unexpired lease, how much will it likely cost to extend in this location by, say, 35 years?
  • I have an interest in the freehold of buildings comprising of six flats each. 2 of the leasehold owners want to extend their leases and I'm curious about the procedure for this
  • 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 899 years residual lease term so a lease extension is not an issue. 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 true? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any suggestions would be much appreciated.
  • 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 would like to have my residential flat leasehold extension premium assessed. The flat is in Kingston, and my lease will reach fivety five years this May. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • Is it possible to talk with you about a flat in Kingston, I am thinking of buying at auction next month. The flat only has a few years outstanding and I wanted to inquire about how much it would cost to get a lease extension and for your services.
  • My mortgage provider requires several hundred pounds for their for a "deed of substituted security" for the lease extension for my flat in Kingston... I am unable to find any reference of this in my mortgage literature... is this a normal fee to pay?
  • I'm living at mum and dad but have a maisonette in Kingston let out which has a 68 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 Kingston 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 21k. Not sure sure whether to hold on or sell the flat?
  • I'm intent on purchasing a flat in Kingston valued at £195,000 the flat has approaching seventy five years left on the lease. I put in an offer conditional upon a lease extension... .. that was back in August, expecting I'd be in before Christmas. They have just come back saying they are willing to reduce the price by£7k if they don't have to deal with the lease extension. I'm unsure whether that's a good idea
  • My wife and I are concerned about getting a lease extension from an objectionable freeholder. Notwithstanding that the correct procedures were adhered to under the appropriate legislation, the freeholder still attempted to charge ground rent of £200 increasing by 100% every 25 years of the new lease. Can you help?

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