Morden Park Lease Extensions

Common questions relating to Morden Park Lease Extensions

I want to purchase a leasehold property and lease extension. The current owner has been there over 2 years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?

We are in a block of three flats in Morden Park and have been offered to buy the freehold for £3,500 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?

In 2012 I purchased a leasehold apartment in Morden Park. I have built a huge extension and have not informed my freeholder. What are my options?

I am considering buying an auction property and identified a two bed flat in Morden Park. It only has a fifty year lease..the current owner as mortgagees in possession will not want the aggravation of applying for a lease extension..what are the disadvantages of this other than the huge fee to put a new lease on it and decreased chance of obtaining a mortgage with The Royal Bank of Scotland?

My flat in Morden Park is up for sale and I have a hopefully firm offer. There is 82 years remaining on the lease and I want to extend the lease. What will it likely cost to extend in this area by, say,25 years

I am in need of a lease extension for my flat in Morden Park and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?

Coming up to 2 years that I have been in my one bedroom apartment in Morden Park. I have 68 years left on the lease. I am now looking either to purchase a share of freehold or a lease extension. I acquired the property for 350K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my lawyers about the process, he answered most of my questions but just have one left: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to the tribunal etc)?

I have a freehold of a 2 bedroom flat in Morden Park. The leaseholders have fivety four years on a lease and wants to purchase another 90 years. The have offered me 19k. Is this around the right price?

We are in the throws of buying a home (a garden flat inMorden Park with share of freehold). During our search, we were always looking at flats that had at least eighty five years outstanding. We identified a place we liked and the estate agent assured that the lease term was not an issue. Today our solicitors told us the lease only has fivety four years and thus needs a lease extension. Should we run away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?

We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my garden flat in Morden Park

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