Mitcham Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to Mitcham Lease Extensions
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 am looking into the costs of carrying out a lease extension for my one bedroom apartment in Mitcham, and would like some figures on that.
We purchased a leasehold with a freeholder who has failed to give us a counter-notice for a lease extension for our flat in Mitcham and are therefore thinking about the option of a vesting order. Is this something you can help us with?
I am considering buying an auction property and came upon a one bed flat in Mitcham. It has just fifty year lease..the vendor being mortgagees in possession will not want the aggravation of negotiating a lease extension..what are the drawbacks of this except for the expensive fee to put a new lease on it and reduced chance of getting a mortgage with Santander?
My wife and I have a one bedroom flat in Mitcham. There is 80 years remaining on the lease and we want a lease extension. How much does it cost on average to get a lease extension by, say,fifty years
We are proceeding with buying a maisonette in Mitcham. I was told that the lease had been lengthened (fivety four years outstanding prior to extension). The sales particulars said "sold with a long lease". It transpires as we are about to exchange of contracts we find that the lease has not been extended. The flat owner supposedly has a quote but no money to extend and consequently the current owner wishes to exchange and use the deposit monies for the lease extension. My question is as the lease hasn't been extended is there not a danger that Chelsea Building Society won't lend on a lease?
We are in the throws of buying a property (a one bedroom apartment inMitcham with share of freehold). During our search, we were always looking at properties that had at least ninety years outstanding. We found a flat we fell in love with and the selling agent assured that the lease term was not an issue. Today our lawyers told us the lease only has seventy four years and thus requires a lease extension. Should we walk away, or do we reduce our offer?
I know that others in the same building previously had a lease extension, and the landlord seemed reasonable. Therefore is seems worth taking risk of not having formal valuation and base the initial offer on previous prices . This would save on double valuation charges. Is this advisable?
I require an estimate to extend my mother’s lease on a garden flat in Mitcham. She already has a figure from the freeholder for a lease extension but I am unclear whether it is too high.
We have a 2 bed flat in Mitcham with a lease of 69 years left with a value of around £410000 we want to add 125 years to it, how much is that likely to cost?