Lease Extensions in Leatherhead

Common questions relating to Leatherhead Lease Extensions

I am in need of a rough estimate of what a lease extension will cost for a flat I would like to purchase. It has sixety three years unexpired.

I'm looking for an apartment to buy in Leatherhead and I'm not really familiar with the leasehold title. I've found a 2 bed flat I like with a 91 years lease. I've read that I can apply for a lease extension having owned the property for 2 years, but:- Should I anticipate any issue with the mortgage?

I intend to buy a one bed flat in Leatherhead for asking price of 125k, which has fivety five years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?

My (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 am planning to extend the lease on my ground floor flat in Leatherhead I am looking for help to verify the premium. I have a quote from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.

Me and my wife are hoping to acquire a flat (a one bedroom apartment inLeatherhead with share of freehold). During our search, we were always looking at flats that had at least eighty five years unexpired. We identified a apartment we liked and the estate agent assured that the lease was long albeit not specifying a number. This morning our informed us the lease only has 69 years and thus requires a lease extension. Should we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?

I'm seeking some assistance concerning extending the lease on my maisonette. The plan is to do this sometime next year as we have to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

I am currently negotiating a lease extension for my flat in Leatherhead as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

I have a lease of seventy nine years remaining on my flat in Leatherhead. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

I'm looking for some advice with regard to a lease extension on my one bed flat in Leatherhead. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

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