Shooter's Hill Lease Extensions

Sample questions relating to Shooter's Hill Lease Extensions

I bought a studio flat in Shooter's Hill that I now cannot sell as a result of the lease requiring a lease extension. How long will it take ?

I want to acquire a leasehold property and extend the lease. The flat owner has been there for three years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?

Is it possible to talk with you about a leasehold property in Shooter's Hill, I am considering buying at auction next month. The flat only has a few years outstanding and I am curious about how much it would cost to get a lease extension and for your services.

I am looking at acquiring an auction property and came upon a studio flat in Shooter's Hill. It only has a 49 year lease..the seller being mortgagees in possession will not want the aggravation of seeking a lease extension..what are the drawbacks of this other than the huge fee to extend the lease and reduced chance of getting a mortgage with Godiva Mortgages Ltd?

I am looking to buy a one bed flat in Shooter's Hill for asking price of 156k, which has sixety three years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?

My brother and I have owned a leasehold flat for about eighteen years. It now has seventy four years remaining on the lease. Following a year of difficult negotiations through my conveyancing practitioners and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to LVT and would appreciate advice.

Just been over two years that I have owned my garden flat in Shooter's Hill. I have 54 years left on the lease. I am now wanting to purchase a share of freehold or extend my lease. I acquired the property for 342K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my lawyers 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 financing - do they add it to their existing mortgage or pay it out in cash?

Hopefully an easy question for you, how much does it cost for a lease extension on a residential property in Shooter's Hill for a two bed flat - sec 42 having been issued?

I'm seeking some help with regard to a lease extension on my apartment. The plan is to do this sometime next year as we have 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. You are able to recommend a good lawyers who specialises in lease extensions. Preferably nearby in Shooter's Hill?

I am currently negotiating a lease extension for my flat in Shooter's Hill 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 Shooter's Hill