Norwood Lease Extensions

Questions and Answers: Norwood Lease Extensions

Me and my OH are looking for lease extension for our two bed flat based in Norwood and we don't fully comprehend the letter that we received from our freehold company. How long will it take?

I have shares in the freehold of 2 blocks of flats comprising of 8 flats each. Two of the leaseholders want to extend their leases and I'm enquiring about the procedure for this

We are in a building comprising four flats in Norwood 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?

My mortgage provider requires a £500 fee for their for a "deed of substituted security" for the lease extension for my flat in Norwood... I can find no reference of this in my mortgage literature... is this a standard charge?

I am thinking about bidding for an auction property and found a studio flat in Norwood. It has just fifty year lease..the seller as mortgagees in possession dont want to mess around with applying for a lease extension..what are the disadvantages of this except for the huge fee to put a new lease on it and reduced chance of getting a mortgage with TSB?

My husband and I are considering purchasing a three bed flat in Norwood which is a leasehold. I am wondering what are the advantages and disadvantages of that - what happens when lease ends, the cost of a lease extension, can the freeholder of the property evict me from my own flat and prevent me from extending the lease?

I am the owner of a purpose-built flat based in a large block in Norwood. The leasehold interest in the apartment on a 101 year lease started from 11th January 1969 with a set ground rent of £25 per annum. I would like to obtain a lease extension. Is it possible for me to talk with someone to go through my options please?

Just been over 2 years that I have owned my two bedroom second floor purpose built flat in Norwood. I have seventy five years remaining on the lease. I am now wanting to purchase a share of freehold or extend my lease. I purchased the property for 350K, it is now roughly 445k. 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: 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 three bedroom flat in Norwood. The leaseholders have 72 years on a lease and wants to purchase another 90 years. The have offered me 19k. Is this around the right price?

I have a lease of 71 years remaining on my flat in Norwood. 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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