Top Ten Questions relating to Riddlesdown Lease Extensions

  • My husband and I have just acquired a 2 bed apartment inRiddlesdown and I'm thinking about a lease extension as soon as I can e.g. after a couple of years
  • I need to extend my current lease can you assist? My investigation with the Land Registry reveal that it has 57 years left
  • 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?
  • I am a landlord of a block of flats in Riddlesdown, and the lessees are in the process of being given lease extensions. I should hopefully get funds within a month or so. As I am not on self assessment do I write to HMRC ?
  • My OH and I are proceeding with a purchase of a maisonette in Riddlesdown. I was advised by the EA that the lease extension had already been completed while on a viewing (seventy two years outstanding prior to extension). The sales particulars said "sold with a long lease". It turns out at the point of exchange of contracts we find that there has been no lease extension. The homeowner apparently has a quote but no funds to extend and consequently the current owner wishes to exchange and use the deposit monies to extend the lease. My question is is it not odd that my failed to spot this far earlier than just before exchange?
  • Coming up to two years that I have been in my three bed flat in Riddlesdown. I have 76 yrs unexpired lease on the lease. I am now looking either to purchase a share of freehold or extend my lease. I purchased the property for 320K, it is now roughly 450k. 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: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
  • It says on your website the likely fee for dealing with a lease extension is £495. Is that the all inclusive cost including vat and the HMLR fee? The premium has already been negotiated with the freeholder for the lease extension for my maisonette in Riddlesdown
  • I am the freeholder of a property in Riddlesdown where the leaseholder would like a lease extension. Her so called valuation expert has suggested a figure of £8,000, but has upped this to £10,000 without too much effort. My valuer has come back with £12,520. 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 equipped with the valuations I have? If not, what costs would I be likely to incur?
  • I'm hoping for some assistance concerning extending the lease on my apartment. I'll be looking to do this next summer as we must 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. You are able to recommend a good with expertise in lease extensions. Ideally someone in Riddlesdown area?
  • I am concerned about obtaining a lease extension from a difficult freeholder. Notwithstanding that the legal procedures were followed under the appropriate legislation, the freeholder still attempted to charge ground rent of £200 doubling every twenty years of the new lease. Can you help?

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