Frequently asked questions relating to Ladywell Lease Extensions

  • I want to purchase a leasehold property and extend the lease. The flat owner has been there for four years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I have a lease of seventy nine years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • In 2010 I purchased a leasehold flat in Ladywell. I have built a large extension and have not informed the leaseholder. What should I do?
  • I'm looking for a flat to buy in Ladywell and I'm not really familiar with the leasehold title. I've found a studio flat I like with a 87 years lease. My research reveals that I can apply for a lease extension after 2 years, but:- Should I anticipate any issue with my proposed mortgage lender Aldermore?
  • What will it cost me and what is the best way to start the lease extension process? I have nearon sixety two years outstanding on my lease on a maisonette in Ladywell. I have emailed the agent who represent the freeholder and they provided me with the number for the valuer. I have contacted the valuer but I am not receiving any calls back.
  • We are looking to extend our lease. We will have been in the apartment for two years as of 21st April 2015. It has slightly more than 60 years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as possible.
  • My conveyancing practitioners (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • I'm living with my mother and father but have a maisonette in Ladywell let out which has a 69 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 Ladywell 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?
  • Me and my sister have been in discussion with our freeholder after having a valuation on our maisonette in Ladywell. We have a seventy nine year lease and we wish to increase this to 99. The Freeholder has given us with a premium amount that he 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 conveyancing practitioners to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • I am planning on remortgaging my three bedroom second floor purpose built maisonette in Ladywell and the bank that I am looking to switch to needs a minimum 80 years remaining on the lease in order for them to take the mortgage forward. I have discovered that I currently have around 79 years on the leasehold so require some help, guidance, and some quotes to set the wheels in motion for a lease extension
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    Lease Extensions in Ladywell

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