Lease Extensions in Mortlake

Questions and Answers: Mortlake Lease Extensions

My wife has a flat located in Mortlake which we have just put on the market. The leasehold has about seventy four years remaining on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we commence arranging a lease extension? Thank you.

I have a lease of 55 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?

I am about to put an offer in on a ground floor flat in Mortlake with a lease of sixety seven years but have no idea what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.

I would like to have my residential flat leasehold extension premium valued. The flat is in Mortlake, and my lease will reach seventy nine years this May. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?

I am looking to either purchase the freehold or a lease extension of my property in Mortlake and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a refinance with The Royal Bank of Scotland to free up equity. The adviser handling the remortgage suggested I get two estimates : one for the lease extension and one for outright acquisition .The lease began in 1991 and since then the ground rent has increased from £25.00 per year to £200 per year.

I have a leasehold flat in Mortlake. I have built a big extension and have not informed my leaseholder. What should I do?

I will soon view a one bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has 75 years remaining on the lease. It is also a repossession so I'm assuming that the bank will not be interested in extending the lease. My primary concern is would the short lease make it difficult to secure a mortgage?

What will I need to spend and what is the best way to start the lease extension process? I have just under 70 years left on my lease on a three bed flat in Mortlake. I have emailed the managing agents who represent the head landlord and they sent me the number of the surveyor. I telephone the valuer but I am not receiving any calls back.

My partner and I have been in discussion with our freeholder after having a valuation on our maisonette in Mortlake. We have a 76 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.

My wife and I are aware that others in the same block previously had a lease extension, and the freeholder seemed reasonable. Therefore is seems worth taking risk of not having formal valuation and calculate the initial offer on previous prices . This would save on double valuation fees. Would you recommend such a course of action?

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