FAQs concerning Otford Lease Extensions

  • I own a property in Otford and it has roughly 54 years outstanding. I'd like to extend the lease period
  • Hi. I need a to review my lease extension prior to it being formalised just to ensure there's nothing that I haven't seen - it's just a reissue with a few small changes.
  • I am looking to purchase a garden flat in Otford with a lease of seventy nine years but have no idea what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • Regarding a leasehold in Otford. lower maisonette. seventy four yrs remaining. I have negotiated a lease extension price of £12,000 for 115yrs. Freeholder also requested Notice of Claim which I think should not be necessary. Advice required.
  • I intend to buy a one bed flat in Otford for asking price of 125k, which has sixety five years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I'm living at parents but have a garden flat in Otford let out which has a seventy one 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 Otford 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?
  • It says on your website the likely fee for dealing with a lease extension is £495. Is that the total cost excluding vat and the HMLR fee? The price has already been agreed with the freeholder for the lease extension for my maisonette in Otford
  • Me and my husband are buying a one bedroom apartment in Otford which has share of freehold and a leasehold. The lease was starting to get low so the seller is in the process of extending the lease. The seller has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our to do a "priority search" on the lease. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new lease title number is not known. Is it correct that we have to wait until the lease extension has actually been registered before completing.?
  • We are in the throws of buying a home (a studio flat located inOtford with share of freehold). During our search, we were always looking at apartments that had a minimum eighty five years unexpired. We came across a flat we liked and the selling agent assured that the lease term was not an issue. This morning our told us the lease only has fivety five years and therefore requires a lease extension. Do we walk 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?
  • Do you handle lease extensions on land? (a plot of land in Otford with 82yrs remaining)

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