Examples of recent questions relating to Lease Extensions in North Cheam

  • I am in need of a rough estimate of what a lease extension will cost for a flat I intend to buy. It has fivety nine years balance left.
  • I plan on buying a flat located in North Cheam. The offer is subject to the lease extension. The current owner’s has given to the freeholder the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Nottingham Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I will soon view a one bedroom flat, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 77 years remaining on the lease. It is also a repo so I'm guessing that the vendor will not be interested in doing a lease extension. My main concern is would the short lease make it difficult to secure a mortgage?
  • 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?
  • Just been over two years that I have been in my maisonette in North Cheam. I have seventy eight yrs unexpired lease on the lease. I am now wanting to purchase a share of freehold or a lease extension. I acquired the property for 320K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: In terms of surveyors - how do I go about finding one?
  • We have been in discussion with our freeholder after having a valuation on our three bedroom ground floor purpose built maisonette in North Cheam. We have a 66 year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount 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 our behalf.
  • I own the freehold of a couple of flats. Someone has the lease on the garden flat in North Cheam. I live in the upper flat. I was reviewing the title deeds recently when I noticed that my flat is leasehold. There is 79 years balance left. If I want a lease extension then would I simply be paying for the fees?
  • We are worried about seeking a lease extension from a difficult landlord. Notwithstanding that the correct procedures were adhered to under the appropriate legislation, the freeholder still attempted to get ground rent of £300 doubling every twenty five years of the new term. Can you assist?
  • Are you able to provide an estimate to extend my mother’s lease on a garden flat in North Cheam. She recently got a price from the freeholder for a lease extension but I am unclear whether it is too expensive.
  • I am currently negotiating a lease extension for my flat in North Cheam 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?

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