Frequently asked questions relating to Merton Park Lease Extensions

  • I have got a leasehold flat in the Merton Park area and was curious whether I could get a lease extension. What are your processes and fees. Has 57 years remaining
  • I'm planning to make an offer on a house in Merton Park but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Accord Mortgages Ltd giving us the mortgage now?
  • I want to buy a leasehold property and extend the lease. The owner has been there for three years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • We have seen a house for sale for £215k and we are very interested but we've just discovered that it is leasehold. There are 798 years unexpired 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 true? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any guidance would be much appreciated.
  • We hope to sell our ground floor flat in Merton Park but we may need a lease extension, or possibly cover the costs of our buyers. Can you help me find a to assist?
  • My co-lessees and I are in a building consisting of five flats in Merton Park and have been offered to buy the freehold for 5k 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 invested in buying a maisonette in Merton Park. I am looking to extend lease on the property. It is circa eighty one years. I would just like to know what your charges are and how long the process takes.
  • I intend to buy a one bed flat in Merton Park for asking price of 156k, which has sixety one 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 query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I am planning on refinancing my garden flat in Merton Park and the bank that I am looking to move to needs a minimum 85 years on the leasehold of my property in order for them to progress matters. I have discovered that I currently have around sixety seven years on the leasehold so require some advice, guidance, and some quotes to set the wheels in motion for a lease extension
  • I have 65 years remaining on my lease of a ground floor flat in Merton Park, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high

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