Frequently asked questions relating to Sheen Park Lease Extensions

  • I have shares in the freehold of buildings comprising of 8 flats each. Two of the leasehold owners want a lease extension and I'm wondering about the the process
  • I want to buy a leasehold property and extend the lease. The vendor has been there over two years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I have been in touch with my freeholder for a lease extension for my flat in Sheen Park. Her has been in contact regarding costs etc. I need an estimate for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started October 1985.
  • I am looking into the costs of carrying out a lease extension for my one bed flat in Sheen Park, and would like some figures on that.
  • I am deliberating whether to purchase the freehold or a lease extension of my property in Sheen Park and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a refinance with Birmingham Midshires to free up equity. The broker dealing with the remortgage suggested I get two quotes : one for the lease extension and one for outright purchase .The lease commenced in 1979 and since then the ground rent has been raised from £25.00 per year to £200 per year.
  • If somebody owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
  • Me and my husband have been in discussion with our freeholder after having a valuation on our studio flat in Sheen Park. We have a sixety nine year lease and we wish to increase this to 99. The Freeholder has provided us with a financial figure that he 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 the lease extension.
  • I own the freehold to two flats. Someone has the lease on the garden flat in Sheen Park. I reside in the upper flat. I was looking at the title deeds last night when I noticed that my flat has a lease on it. There is 62 years unexpired. If I want to do a lease extension then would I just be paying for the charges?
  • Are you able to provide an estimate to extend my aunt’s lease on a two bedroom ground floor purpose built flat in Sheen Park. She already has a price from the landlord for a lease extension but I am far from certain if it is too expensive.
  • I have a lease of 78 years remaining on my flat in Sheen Park. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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