Purley Lease Extensions: Q and A’s

  • I agreed with the landlord for a lease extension on our flat based in Purley, 17k for another 90yrs. Can you please guide us with this situation ?
  • My wife has a flat in Purley which we are about to put on the market. The leasehold has roughly sixety two years balance left on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Many thanks.
  • I'm planning to make an offer on a house in Purley but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Britannia giving us the mortgage now?
  • We are in a block of four flats in Purley and have been offered to buy the freehold for 7k 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?
  • What will I need to spend and what is the best way to start the lease extension process? I have slightly less than 55 years unexpired lease on my lease on a ground floor flat in Purley. I have emailed the agent who act on behalf of the landlord and they sent me the number of the surveyor. I have contacted the valuer but I am not getting any kind of answer.
  • I am concerned that my niece might be having the wool pulled over her eyes. She put in an offer on a one bedroom second floor purpose built maisonette in Purley, where the lease is roughly fivety five years but she was advised by the selling agents that the current owner had extended it to 99 years. She has now been informed the seller was waiting for her to retain lawyers ahead of instigating the lease extension. Seems underhand, also it may take a while to sort it all out. What do you think?
  • We have a residential flat in Purley with seventy nine years remaining. Last year we were quoted a deal to receive a lease extension for another thirty years but also uplift the ground rent from nominal to £300 per annum..plus a premium I think of about 10k. Finally we have decided to move forward but do we now have to renegotiate?
  • I own 60% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around seventy four years. I need a conveyancing practitioners at my end. Can you advise please? I live near Purley and have a mortgage with Lloyds TSB Bank.
  • I note that your website states the likely fee for dealing with a lease extension is £495. Is that the total cost including vat and the land registry fee? The price has already been agreed with the freeholder for the lease extension for my maisonette in Purley
  • I'm looking at purchasing an apartment in Purley valued at £210,000 the flat has approaching seventy nine years unexpired on the lease. I put in an offer subject to the lease being extended... .. that was back in June, hoping I'd have completed by now. They have just come back saying they'll reduce the price by£2k if they don't have to deal with the lease extension. I'm not sure whether that's a good idea
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    Lease Extensions in Purley

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