Redhill Lease Extensions

Redhill Lease Extensions: Q and A’s

My partner has a flat in Redhill which we have just put on the market. The leasehold has around seventy years remaining on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we commence arranging a lease extension? Thank you.

I just completed on a property in Redhill and it has just under fivety nine years outstanding. I'd like to extend the lease period

I'm wanting to make an offer on a house in Redhill 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 Chelsea Building Society giving us the mortgage now?

I am looking to purchase a ground floor flat in Redhill with a lease of 79 years but have no idea how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.

This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?

We have a ground floor flat in Redhill with 67 years remaining. Ten months ago we were quoted a deal to grant a lease extension for another fifty years but also uplift the ground rent from nominal to a little more..plus a premium I think of about 14k. Finally we have decided to proceed but do we now have to renegotiate?

I own a share of the freehold. There are five apartments in the house. All the leaseholders are now looking for lease extensions. What's your legal fee?

Me and my wife had entered into a purchase of a maisonette in Redhill. I was assured that the lease had been lengthened (seventy four years outstanding prior to extension). The description on the listing said "sold with a long lease". It transpires at the point of exchange of contracts we find that the lease has not been extended. The vendor apparently has a quote but no money to extend and consequently the current owner wishes to exchange and use the deposit monies to extend the lease. My question is why has this only just been brought to my attention by my ?

I have a flat in Redhill with 54 years left on the lease. I am looking for a to help me achieve a lease extension. Can you help?

I am currently negotiating a lease extension for my flat in Redhill 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?

Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Redhill