Common questions relating to Lower Morden Lease Extensions

  • I have been in touch with my freeholder to extend my lease for my flat in Lower Morden. Her has been in contact concerning fees etc. I need an estimate for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started November 1987.
  • My neighbours and I are in a building comprising three flats in Lower Morden and have been offered to buy the freehold for 7k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I am deliberating whether to purchase the freehold or a lease extension of my property in Lower Morden and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a refinance with Halifax to free up equity. My adviser dealing with the remortgage suggested I get two quotes : one to extend the lease and one for the freehold purchase .The lease began in 1981 and since then the ground rent has been raised from £25.00 per year to £100 per annum.
  • Last year I purchased a leasehold flat in Lower Morden. I have built a huge extension and have not informed the freeholder. What should I do?
  • I am concerned that my daughter is being hoodwinked. She submitted an offer on a studio flat in Lower Morden, where the lease is roughly sixety nine years but she was told by the selling agents that the homeowner had extended it to 125 years. She has now been told the seller was holding off for her to appoint lawyers prior to commencing with the lease extension. Sounds devious, also it will take time to sort it all out. Am I reading too much into it?
  • I am seeking advice as I am interested in a property that has only a fivety seven year lease and therefore requires a lease extension. Can I talk with someone to go through my options please?
  • It says on your website the anticipated fee to extend a lease is £495. Is that the total cost excluding value added tax and the land registry fee? The premium has already been agreed with the freeholder for the lease extension for my one bedroom ground floor purpose built maisonette in Lower Morden
  • I'm looking at purchasing an apartment in Lower Morden at a price of £195,000 the flat has approximately seventy nine years remaining on the lease. My offer was conditional upon a lease extension... .. that was back in November, expecting I'd have completed by now. They have just come back saying that they are prepared to knock £5k off if they don't have to deal with the lease extension. I'm unsure whether that's a good idea
  • We are buying a studio flat in Lower Morden which has share of freehold and a leasehold. The lease was starting to get low so the seller commenced extending the lease. The owner has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our to do OS1 search on the lease. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it correct that we have to hold on until the lease extension has actually been registered before completing.?
  • We are in the throws of buying a property (a garden flat located inLower Morden with share of freehold). Throughout our search, we were always looking at flats that had at least 84 years remaining. We found a place we fell in love with and the estate agent promised us that the lease term was not an issue. Yesterday our told us the lease only has sixety six years and therefore requires a lease extension. Do we walk away, or should we negotiate our offer?

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