Recently asked questions relating to Molesey Lease Extensions

  • I’m just looking for a ground floor flat to buy in the Molesey area and was interested in finding out what the likely fees would be to extend a lease? It has sixety three years left...
  • I am looking for a lease extension on the lease on my garden flat in Molesey which will have 67 years outstanding in June. What fees are applicable?
  • I am looking to either purchase the freehold or a lease extension of my property in Molesey and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously get a new mortgage with Barclays Direct to free up equity. The adviser dealing with the remortgage suggested I get two quotes : one to extend the lease and one for the freehold purchase .The lease commenced in 1972 and since then the ground rent has been raised from £15.00 per year to £300 per year.
  • My partner and I have a GFF in Molesey. There is 81 years unexpired on the lease and we want to extend the lease. What does it cost on average to get a lease extension by, say,thirty years
  • Offer accepted on a a one bedroom apartment in Molesey, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer in writing through the post which states the lease as 85 years.We are about to exchange contracts within a week. My query is Should I tell the owner that I will only proceed with the purchase (at the same price) on the condition they carry out a lease extension?
  • I am looking to buy a one bed flat in Molesey for asking price of 156k, which has seventy eight 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 in need of some help with a lease extension. I live in Dublin but the flat in question is based in Molesey. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
  • I own the freehold reversion of a property in Molesey where the leaseholder has requested a lease extension. Her valuer has given a figure of £8,000, but has upped this by £2,000 at the drop of a hat. My surveyor has suggested a much higher figure. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to a FTT, can I handle the matter myself, just equipped with the valuations I have? If not, what costs would I be likely to face?

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