Top Ten Questions relating to Putney Vale Lease Extensions

  • My name´s Andrew. I’m property hunting in Putney Vale I'm deliberating offering on a one bedroom apartment online, with about sixety three years unexpired lease, how much does it cost on average to get a lease extension by, say, thirty years?
  • I have a lease of 66 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • I have contacted my freeholder for a lease extension for my flat in Putney Vale. Her has been in contact concerning fees etc. I need a quote for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started May 1984.
  • I am looking to either purchase the freehold or a lease extension of my property in Putney Vale and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously remortgage with The Mortgage Works to free up equity. My broker dealing with the remortgage suggested I get two quotes : one to extend the lease and one for outright purchase .The lease commenced in 1981 and since then the ground rent has been raised from £25.00 per year to £200 per annum.
  • I am a FTB of a leasehold flat in Putney Vale. The lease has just seventy five years balance left and ground rent is £75. Is it possible for the seller to serve the Initial Notice and then assign over the right to me as the purchaser once I complete the buying process so that I don't have to wait for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time consuming to the homeowner? Unfortunately it’s the case of an missing freeholder, so I am not sure how this will play out.
  • I own a share of the freehold. There are three flats in the block. All the leaseholders are now looking for lease extensions. What are the timescales to grant a lease extension?
  • I'm living at mother and father but have a garden flat in Putney Vale let out which has a 71 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 Putney Vale 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 19k. Should I keep or sell the flat?
  • My partner and I have been in discussion with our freeholder after having a valuation on our garden flat in Putney Vale. We have a 58 year lease and we wish to increase this to 99. The Freeholder has given 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 am the freeholder of a property in Putney Vale and a leaseholder has requested a lease extension. Her valuer has given a figure of £8,000, but has increased this by £2,000 at the drop of a hat. My surveyor has recommended a much higher premium. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to tribunal, can I handle the matter myself, just armed with the valuations I have? If not, what costs would I be likely to incur?
  • I'm looking for some advice with regard to extending the lease on my maisonette. The intention is to do this in nine months time as we need to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?

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