Recently asked questions relating to Mitcham Junction Lease Extensions

  • I own a three bed apartment in Mitcham Junction that I am finding difficult to sell due to the lease requiring a lease extension. Can you please help me with this situation ?
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Mitcham Junction, and my lease will reach sixety eight years this July. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • I'm looking for a flat to buy in Mitcham Junction and I'm not really familiar with the leasehold tenure. I've identified a maisonette I like with a 87 years lease. I've read that I can get a lease extension having owned the property for a couple of years, but:- Should I anticipate any issue with the mortgage?
  • I am looking to buy a one bed flat in Mitcham Junction for asking price of 156k, which has 70 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • My son has a share of freehold, with two other leaseholders in a building in Mitcham Junction. House converted into three flats. He has a lease, which has circa sixety six years outstanding. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • I'm living with my parents but have a three bed flat in Mitcham Junction let out which has a 78 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 Mitcham Junction 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 21k. Should I keep or sell the flat?
  • I require an estimate to extend my mum’s lease on a one bedroom second floor purpose built flat in Mitcham Junction. She already has a figure from the freeholder for a lease extension but I am not sure it is too expensive.
  • I am planning on refinancing my ground floor flat in Mitcham Junction and the mortgage company that I am looking to move to needs a minimum 80 years remaining on the lease in order for them to take the mortgage forward. We currently have around sixety years on the leasehold so require some help, guidance, and some quotes to start the lease extension process
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my ground floor flat in Mitcham Junction
  • We have a three bed flat in Mitcham Junction with a lease of 71 years left with a value of around £410000 we want to add 125 years to it, how much is that likely to cost?

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