Common questions relating to Mortlake Lease Extensions

  • I am looking to extend the lease on my maisonette in Mortlake which will have sixety years outstanding in November. What fees apply?
  • I have my suspicions that my daughter might have had the wool pulled over her eyes. She put in an offer on a one bedroom apartment in Mortlake, where the lease is about seventy seven years but she was advised by the estate agents that the flat owner had extended it to 125 years. Only now has she been informed the vendor was holding off for her to appoint solicitors ahead of instigating the lease extension. Sounds devious, also it may take a while to sort it all out. Am I reading too much into it?
  • I am a landlord of a block of flats in Mortlake, and the lessees are in the process of being given lease extensions. I should hopefully get funds next month. How does the tax work, the property is co-owned with my wife ?
  • I am thinking about purchasing an auction property and came upon a studio flat in Mortlake. It has just 50 year lease..the current owner being mortgagees in possession dont want the aggravation of seeking a lease extension..what are the disadvantages of this except for the costly fee to extend the lease and reduced chance of obtaining a mortgage with Clydesdale?
  • I'm living at parents but have a garden flat in Mortlake let out which has a 72 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 Mortlake 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?
  • We have been in discussion with our freeholder after having a valuation on our three bedroom first floor purpose built flat in Mortlake. We have a seventy three year lease and we wish to increase this to 99. The Freeholder has given us with a financial figure that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I'm intent on acquiring a flat in Mortlake at a price of £195,000 the flat has something like seventy two years remaining on the lease. I put in an offer conditional upon a lease extension... .. that was back in November, hoping I'd have moved in before now. The owner has just come back saying they'll knock £4k off if I deal with the lease extension myself. I'm unsure whether that's a good idea
  • I am the freeholder of a property in Mortlake and a leaseholder has requested a lease extension. Her valuer has suggested a figure of £8,000, but has increased this to £10,000 at the drop of a hat. My surveyor has recommended a much higher figure. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to a FTT, can I handle the matter myself, just armed with the valuations I have? If not, what charges would I be likely to face?
  • I am currently negotiating a lease extension for my flat in Mortlake as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • I have a lease of fivety five years remaining on my flat in Mortlake. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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