Questions and Answers: Roehampton Lease Extensions

  • I own a property in Roehampton and it has around 57 years residual lease term. I'd like to arrange a lease extension by twenty years
  • Hi. I need a to review my lease extension prior to it being completed just to ensure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor variations.
  • We are selling our ground floor flat in Roehampton but we may require a lease extension, or at least cover the costs of our purchaser. Can you recommend a to help us?
  • I am looking to either purchase the freehold or a lease extension of my property in Roehampton and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously remortgage with Leeds Building Society to free up equity. My broker dealing with the remortgage suggested I get two quotes : one for the lease extension and one for the freehold acquisition .The lease commenced in 1972 and since then the ground rent has been raised from £25.00 per year to £300 per annum.
  • I'm living with my mother and father but have a garden flat in Roehampton let out which has a seventy six 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 Roehampton 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?
  • Hopefully an easy question for you, how much is the premium payable for a lease extension on a residential property in Roehampton for a one bed flat - section 42 is already served?
  • My wife and I are hoping to purchase a home (a garden flat based inRoehampton with share of freehold). Throughout our search, we were always looking at apartments that had a minimum eighty five years remaining. We identified a place we liked and the selling agent promised us that the lease term was not an issue. Today our told us the lease only has 72 years and thus needs a lease extension. Do we run away, or do 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?
  • I own the freehold of a couple of flats. Someone has the lease on the garden flat in Roehampton. I reside in the top flat. I was reviewing the title deeds last night when I noticed that my flat is leasehold. There is 69 years residual lease term. If I want a lease extension then would I just be paying for the fees?
  • I'm seeking some advice concerning extending the lease on my flat. I'll be looking 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. Do 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?
  • I am currently negotiating a lease extension for my flat in Roehampton 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?

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